E&G Advisors LP Has $2.48 Million Position in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)

E&G Advisors LP lessened its holdings in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 0.6% during the 1st quarter, HoldingsChannel reports. The firm owned 28,311 shares of the company’s stock after selling 180 shares during the period. Invesco S&P 500 High Beta ETF comprises approximately 0.8% of E&G Advisors LP’s holdings, making the stock its 24th largest holding. E&G Advisors LP’s holdings in Invesco S&P 500 High Beta ETF were worth $2,484,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. XML Financial LLC lifted its stake in Invesco S&P 500 High Beta ETF by 4.4% in the 4th quarter. XML Financial LLC now owns 3,229 shares of the company’s stock valued at $266,000 after acquiring an additional 136 shares in the last quarter. CWM LLC lifted its stake in Invesco S&P 500 High Beta ETF by 33.2% in the 4th quarter. CWM LLC now owns 1,595 shares of the company’s stock valued at $131,000 after acquiring an additional 398 shares in the last quarter. Legacy Financial Strategies LLC lifted its stake in Invesco S&P 500 High Beta ETF by 4.2% in the 4th quarter. Legacy Financial Strategies LLC now owns 10,505 shares of the company’s stock valued at $866,000 after acquiring an additional 420 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Invesco S&P 500 High Beta ETF by 629.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 912 shares of the company’s stock valued at $75,000 after acquiring an additional 787 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its stake in Invesco S&P 500 High Beta ETF by 3.1% in the 4th quarter. D.A. Davidson & CO. now owns 27,207 shares of the company’s stock valued at $2,242,000 after acquiring an additional 809 shares in the last quarter.

Invesco S&P 500 High Beta ETF Stock Performance

NYSEARCA SPHB traded up $0.60 during trading on Wednesday, hitting $85.26. The stock had a trading volume of 110,853 shares, compared to its average volume of 547,945. Invesco S&P 500 High Beta ETF has a 12 month low of $63.15 and a 12 month high of $88.09. The company has a market capitalization of $605.35 million, a PE ratio of 22.23 and a beta of 1.48. The company’s 50-day moving average price is $83.88 and its two-hundred day moving average price is $83.24.

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.