Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Sets New 52-Week High – Should You Buy?

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $126.76 and last traded at $126.47, with a volume of 123402 shares. The stock had previously closed at $125.11.

Invesco S&P 500 High Beta ETF Trading Up 0.5%

The company has a market capitalization of $646.29 million, a price-to-earnings ratio of 20.84 and a beta of 1.37. The firm’s 50 day moving average price is $120.52 and its two-hundred day moving average price is $117.60.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Cornerstone Planning Group LLC bought a new stake in shares of Invesco S&P 500 High Beta ETF during the 4th quarter worth about $28,000. Founders Financial Alliance LLC bought a new position in Invesco S&P 500 High Beta ETF in the 3rd quarter valued at about $36,000. Chesapeake Asset Management LLC bought a new position in Invesco S&P 500 High Beta ETF in the 4th quarter valued at about $41,000. International Assets Investment Management LLC bought a new position in Invesco S&P 500 High Beta ETF in the 4th quarter valued at about $49,000. Finally, Realta Investment Advisors bought a new position in Invesco S&P 500 High Beta ETF in the 4th quarter valued at about $74,000.

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.