Midwest Financial Network LLC grew its position in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Free Report) by 143.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 12,312 shares of the company’s stock after purchasing an additional 7,263 shares during the quarter. Invesco S&P 500 High Beta ETF comprises 1.4% of Midwest Financial Network LLC’s portfolio, making the stock its 23rd biggest holding. Midwest Financial Network LLC’s holdings in Invesco S&P 500 High Beta ETF were worth $1,856,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of SPHB. Cornerstone Planning Group LLC lifted its holdings in shares of Invesco S&P 500 High Beta ETF by 43.9% in the first quarter. Cornerstone Planning Group LLC now owns 328 shares of the company’s stock worth $38,000 after acquiring an additional 100 shares during the last quarter. Continuum Advisory LLC bought a new stake in shares of Invesco S&P 500 High Beta ETF in the second quarter worth $78,000. Independent Financial Group LLC acquired a new stake in shares of Invesco S&P 500 High Beta ETF in the first quarter valued at about $235,000. Focus Financial Network Inc. acquired a new stake in Invesco S&P 500 High Beta ETF during the 2nd quarter valued at approximately $264,000. Finally, Hyundai Investments Co. Ltd. bought a new position in Invesco S&P 500 High Beta ETF during the fourth quarter worth $347,000.
Invesco S&P 500 High Beta ETF Price Performance
Shares of NYSEARCA:SPHB opened at $150.85 on Tuesday. The company has a market capitalization of $980.52 million, a price-to-earnings ratio of 20.84 and a beta of 1.44. The business’s 50-day moving average is $149.06 and its 200-day moving average is $142.86. Invesco S&P 500 High Beta ETF has a 1 year low of $103.31 and a 1 year high of $157.59.
About Invesco S&P 500 High Beta ETF
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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