Northwestern Mutual Wealth Management Co. raised its position in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Free Report) by 72.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,930 shares of the company’s stock after buying an additional 6,249 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Invesco S&P 500 High Beta ETF were worth $1,746,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Stratos Wealth Advisors LLC boosted its holdings in Invesco S&P 500 High Beta ETF by 1.7% in the 4th quarter. Stratos Wealth Advisors LLC now owns 5,800 shares of the company’s stock worth $678,000 after buying an additional 99 shares during the last quarter. Advisors Preferred LLC lifted its holdings in Invesco S&P 500 High Beta ETF by 1.1% in the fourth quarter. Advisors Preferred LLC now owns 9,200 shares of the company’s stock valued at $1,095,000 after acquiring an additional 100 shares during the last quarter. Cornerstone Planning Group LLC acquired a new position in Invesco S&P 500 High Beta ETF in the fourth quarter valued at approximately $28,000. Founders Financial Alliance LLC acquired a new position in Invesco S&P 500 High Beta ETF in the third quarter valued at approximately $36,000. Finally, Avant Capital LLC lifted its holdings in Invesco S&P 500 High Beta ETF by 11.0% in the third quarter. Avant Capital LLC now owns 3,427 shares of the company’s stock valued at $376,000 after acquiring an additional 339 shares during the last quarter.
Invesco S&P 500 High Beta ETF Stock Down 5.7%
NYSEARCA:SPHB opened at $143.23 on Friday. The stock’s fifty day moving average is $133.66 and its two-hundred day moving average is $124.28. Invesco S&P 500 High Beta ETF has a 52 week low of $90.68 and a 52 week high of $153.31. The stock has a market capitalization of $859.38 million, a price-to-earnings ratio of 20.84 and a beta of 1.41.
Invesco S&P 500 High Beta ETF 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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