Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Get Free Report) shares saw strong trading volume on Friday . 1,162,633 shares changed hands during mid-day trading, an increase of 123% from the previous session’s volume of 520,805 shares.The stock last traded at $85.48 and had previously closed at $83.87.
Invesco S&P 500 High Beta ETF Stock Performance
The company has a market capitalization of $605.99 million, a P/E ratio of 22.23 and a beta of 1.48. The firm’s fifty day moving average is $85.00 and its 200-day moving average is $83.81.
Institutional Investors Weigh In On Invesco S&P 500 High Beta ETF
Institutional investors have recently added to or reduced their stakes in the business. Raymond James & Associates boosted its stake in shares of Invesco S&P 500 High Beta ETF by 8.4% in the 4th quarter. Raymond James & Associates now owns 215,641 shares of the company’s stock valued at $17,769,000 after purchasing an additional 16,715 shares during the last quarter. Synergy Asset Management LLC bought a new stake in shares of Invesco S&P 500 High Beta ETF in the 4th quarter valued at $3,152,000. International Assets Investment Management LLC bought a new stake in shares of Invesco S&P 500 High Beta ETF in the 4th quarter valued at $5,905,000. One Wealth Management Investment & Advisory Services LLC bought a new stake in shares of Invesco S&P 500 High Beta ETF in the 4th quarter valued at $471,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of 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 purchasing an additional 787 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.
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