Vestmark Advisory Solutions Inc. bought a new position in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Free Report) during the 4th quarter, HoldingsChannel reports. The firm bought 54,553 shares of the company’s stock, valued at approximately $4,495,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in SPHB. Geneos Wealth Management Inc. grew its stake in shares of 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 buying an additional 787 shares during the last quarter. CWM LLC grew its stake in Invesco S&P 500 High Beta ETF by 33.2% in the fourth quarter. CWM LLC now owns 1,595 shares of the company’s stock worth $131,000 after purchasing an additional 398 shares during the period. Atria Wealth Solutions Inc. bought a new position in Invesco S&P 500 High Beta ETF in the fourth quarter worth $224,000. Private Advisory Group LLC purchased a new position in Invesco S&P 500 High Beta ETF during the 3rd quarter valued at about $237,000. Finally, Vigilare Wealth Management bought a new stake in Invesco S&P 500 High Beta ETF during the fourth quarter worth about $252,000.
Invesco S&P 500 High Beta ETF Stock Up 1.0 %
Shares of SPHB stock traded up $0.79 during trading hours on Friday, hitting $82.67. 544,936 shares of the company’s stock traded hands, compared to its average volume of 673,353. The stock’s fifty day simple moving average is $84.20 and its two-hundred day simple moving average is $79.14. Invesco S&P 500 High Beta ETF has a 12-month low of $63.15 and a 12-month high of $88.09. The stock has a market cap of $586.96 million, a price-to-earnings ratio of 22.23 and a beta of 1.48.
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.
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Want to see what other hedge funds are holding SPHB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Free Report).
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