Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Sets New 12-Month High – Here’s What Happened

Shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) reached a new 52-week high on Thursday . The company traded as high as $147.29 and last traded at $146.29, with a volume of 496133 shares trading hands. The stock had previously closed at $145.94.

Invesco S&P 500 High Beta ETF Stock Performance

The stock has a fifty day moving average of $130.44 and a 200 day moving average of $122.96. The company has a market capitalization of $900.24 million, a PE ratio of 20.84 and a beta of 1.39.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its holdings in Invesco S&P 500 High Beta ETF by 75.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 19,786 shares of the company’s stock worth $2,165,000 after purchasing an additional 8,523 shares in the last quarter. Hilltop Holdings Inc. lifted its holdings in Invesco S&P 500 High Beta ETF by 116.3% in the 3rd quarter. Hilltop Holdings Inc. now owns 56,921 shares of the company’s stock worth $6,250,000 after purchasing an additional 30,609 shares in the last quarter. Synergy Asset Management LLC purchased a new position in Invesco S&P 500 High Beta ETF in the 4th quarter worth approximately $2,660,000. Sowell Financial Services LLC purchased a new position in Invesco S&P 500 High Beta ETF in the 4th quarter worth approximately $1,036,000. Finally, Hutchens & Kramer Investment Management Group LLC purchased a new position in Invesco S&P 500 High Beta ETF in the 4th quarter worth approximately $598,000.

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.