Bank Hapoalim BM Purchases New Position in Invesco S&P 500 High Beta ETF $SPHB

Bank Hapoalim BM purchased a new stake in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 86,000 shares of the company’s stock, valued at approximately $9,443,000. Invesco S&P 500 High Beta ETF makes up 1.2% of Bank Hapoalim BM’s holdings, making the stock its 26th largest holding.

Other hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Invesco S&P 500 High Beta ETF in the 2nd quarter worth approximately $213,000. Sowell Financial Services LLC bought a new position in Invesco S&P 500 High Beta ETF in the 2nd quarter valued at $1,278,000. XML Financial LLC acquired a new position in Invesco S&P 500 High Beta ETF in the second quarter worth $243,000. 1858 Wealth Management LLC bought a new stake in shares of Invesco S&P 500 High Beta ETF during the second quarter worth $213,000. Finally, Commonwealth Financial Services LLC acquired a new stake in shares of Invesco S&P 500 High Beta ETF in the second quarter valued at $4,473,000.

Invesco S&P 500 High Beta ETF Stock Down 0.5%

Shares of NYSEARCA SPHB opened at $122.80 on Friday. The firm’s 50-day simple moving average is $116.55 and its 200 day simple moving average is $110.20. The company has a market cap of $676.63 million, a price-to-earnings ratio of 20.84 and a beta of 1.47. Invesco S&P 500 High Beta ETF has a 12-month low of $64.40 and a 12-month high of $124.40.

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.