Osaic Holdings Inc. Grows Stake in Invesco S&P 500 High Beta ETF $SPHB

Osaic Holdings Inc. grew its holdings in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 86.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 24,612 shares of the company’s stock after purchasing an additional 11,411 shares during the quarter. Osaic Holdings Inc.’s holdings in Invesco S&P 500 High Beta ETF were worth $2,373,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Delos Wealth Advisors LLC purchased a new position in Invesco S&P 500 High Beta ETF during the 2nd quarter worth $38,000. Hollencrest Capital Management acquired a new stake in Invesco S&P 500 High Beta ETF in the second quarter worth about $90,000. Headlands Technologies LLC purchased a new stake in shares of Invesco S&P 500 High Beta ETF during the second quarter worth about $104,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Invesco S&P 500 High Beta ETF during the second quarter valued at about $213,000. Finally, 1858 Wealth Management LLC acquired a new position in shares of Invesco S&P 500 High Beta ETF during the second quarter valued at about $213,000.

Invesco S&P 500 High Beta ETF Stock Down 0.2%

SPHB stock opened at $119.61 on Friday. The stock has a market capitalization of $571.74 million, a PE ratio of 20.84 and a beta of 1.47. Invesco S&P 500 High Beta ETF has a 52 week low of $64.40 and a 52 week high of $121.11. The firm has a 50 day moving average of $114.36 and a 200 day moving average of $107.38.

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.