Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Sees Strong Trading Volume

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) shares saw an uptick in trading volume on Wednesday . 260,692 shares changed hands during trading, a decline of 61% from the previous session’s volume of 663,940 shares.The stock last traded at $81.63 and had previously closed at $81.21.

Invesco S&P 500 High Beta ETF Price Performance

The firm has a market capitalization of $594.44 million, a price-to-earnings ratio of 22.43 and a beta of 1.50. The business’s 50-day moving average price is $84.41 and its 200 day moving average price is $78.17.

Institutional Trading of Invesco S&P 500 High Beta ETF

Several institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its stake in Invesco S&P 500 High Beta ETF by 108.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 963 shares of the company’s stock valued at $60,000 after purchasing an additional 501 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Invesco S&P 500 High Beta ETF by 629.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 912 shares of the company’s stock valued at $75,000 after purchasing an additional 787 shares during the last quarter. Coppell Advisory Solutions LLC bought a new stake in Invesco S&P 500 High Beta ETF during the second quarter valued at $75,000. CWM LLC increased its stake in Invesco S&P 500 High Beta ETF by 33.4% during the third quarter. CWM LLC now owns 1,197 shares of the company’s stock valued at $84,000 after purchasing an additional 300 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in Invesco S&P 500 High Beta ETF by 2,500.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,118 shares of the company’s stock valued at $92,000 after purchasing an additional 1,075 shares during the last quarter.

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.