Cumberland Partners Ltd Grows Stock Position in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)

Cumberland Partners Ltd increased its position in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 76.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,805 shares of the company’s stock after buying an additional 22,505 shares during the quarter. Cumberland Partners Ltd’s holdings in Invesco S&P 500 High Beta ETF were worth $4,247,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Geneos Wealth Management Inc. raised its position in Invesco S&P 500 High Beta ETF by 629.6% in 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 period. CWM LLC raised its position in Invesco S&P 500 High Beta ETF by 33.4% in 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 period. Private Advisory Group LLC purchased a new stake in Invesco S&P 500 High Beta ETF in the third quarter valued at approximately $237,000. Vigilare Wealth Management purchased a new stake in Invesco S&P 500 High Beta ETF in the fourth quarter valued at approximately $252,000. Finally, Fingerlakes Wealth Management Inc. purchased a new stake in Invesco S&P 500 High Beta ETF in the fourth quarter valued at approximately $287,000.

Invesco S&P 500 High Beta ETF Stock Performance

Shares of NYSEARCA:SPHB traded up $1.34 during trading on Tuesday, hitting $82.18. The company’s stock had a trading volume of 591,699 shares, compared to its average volume of 679,004. The business has a 50 day moving average price of $84.28 and a two-hundred day moving average price of $78.46. The company has a market capitalization of $608.13 million, a PE ratio of 22.43 and a beta of 1.50. Invesco S&P 500 High Beta ETF has a fifty-two week low of $63.15 and a fifty-two week high of $88.09.

Invesco S&P 500 High Beta ETF 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.