Shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $156.00 and last traded at $156.00, with a volume of 1927 shares trading hands. The stock had previously closed at $155.04.
Invesco S&P 500 High Beta ETF Stock Up 1.1%
The stock has a market capitalization of $940.86 million, a price-to-earnings ratio of 20.84 and a beta of 1.41. The stock’s 50-day simple moving average is $140.21 and its 200 day simple moving average is $127.19.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Hilltop Holdings Inc. raised its stake in shares of Invesco S&P 500 High Beta ETF by 116.3% in the third quarter. Hilltop Holdings Inc. now owns 56,921 shares of the company’s stock worth $6,250,000 after acquiring an additional 30,609 shares during the last quarter. Synergy Asset Management LLC bought a new stake in shares of Invesco S&P 500 High Beta ETF during the fourth quarter valued at approximately $2,660,000. Sowell Financial Services LLC bought a new stake in shares of Invesco S&P 500 High Beta ETF during the fourth quarter valued at approximately $1,036,000. PFG Advisors increased its holdings in shares of Invesco S&P 500 High Beta ETF by 835.6% in the third quarter. PFG Advisors now owns 93,125 shares of the company’s stock valued at $10,225,000 after purchasing an additional 83,172 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC increased its holdings in shares of Invesco S&P 500 High Beta ETF by 797.1% in the third quarter. Focus Partners Advisor Solutions LLC now owns 28,645 shares of the company’s stock valued at $3,274,000 after purchasing an additional 25,452 shares in the last quarter.
Invesco S&P 500 High Beta ETF Company Profile
The Invesco S&P 500 High Beta ETF (SPHB) is an exchange-traded fund that is based on the S&P 500 High Beta index. The fund tracks a beta-weighted index of the 100 highest-beta stocks in the S&P 500. SPHB was launched on May 5, 2011 and is managed by Invesco.
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