Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Get Free Report)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $92.04 and last traded at $92.02, with a volume of 83824 shares changing hands. The stock had previously closed at $90.90.
Invesco S&P 500 High Beta ETF Price Performance
The firm has a 50-day moving average of $87.81 and a 200 day moving average of $85.48. The company has a market capitalization of $654.27 million, a PE ratio of 22.23 and a beta of 1.48.
Institutional Investors Weigh In On Invesco S&P 500 High Beta ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased a new position in Invesco S&P 500 High Beta ETF in the second quarter worth about $74,000. Vontobel Holding Ltd. bought a new position in shares of Invesco S&P 500 High Beta ETF in the 3rd quarter worth approximately $217,000. Hanlon Investment Management Inc. boosted its holdings in shares of Invesco S&P 500 High Beta ETF by 11.8% in the second quarter. Hanlon Investment Management Inc. now owns 4,876 shares of the company’s stock worth $412,000 after buying an additional 514 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in Invesco S&P 500 High Beta ETF during the first quarter valued at approximately $467,000. Finally, Chicago Wealth Management Inc. increased its holdings in Invesco S&P 500 High Beta ETF by 131.6% during the second quarter. Chicago Wealth Management Inc. now owns 6,435 shares of the company’s stock valued at $543,000 after buying an additional 3,656 shares during the last quarter.
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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