Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Hits New 12-Month High – Time to Buy?

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $94.80 and last traded at $94.80, with a volume of 215508 shares. The stock had previously closed at $93.09.

Invesco S&P 500 High Beta ETF Stock Up 0.7 %

The company has a market cap of $674.57 million, a PE ratio of 22.23 and a beta of 1.48. The firm has a 50 day simple moving average of $90.28 and a 200-day simple moving average of $86.54.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SPHB. International Assets Investment Management LLC acquired a new stake in Invesco S&P 500 High Beta ETF in the second quarter valued at approximately $74,000. National Bank of Canada FI acquired a new position in shares of Invesco S&P 500 High Beta ETF during the 3rd quarter worth about $91,000. Vontobel Holding Ltd. purchased a new stake in shares of Invesco S&P 500 High Beta ETF during the third quarter worth approximately $217,000. Hanlon Investment Management Inc. boosted its position in Invesco S&P 500 High Beta ETF by 11.8% during the second quarter. Hanlon Investment Management Inc. now owns 4,876 shares of the company’s stock worth $412,000 after acquiring an additional 514 shares during the last quarter. Finally, Plotkin Financial Advisors LLC acquired a new stake in Invesco S&P 500 High Beta ETF in the 3rd quarter valued at about $454,000.

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.