BNP Paribas Financial Markets cut its holdings in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Free Report) by 35.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 110,429 shares of the company’s stock after selling 60,107 shares during the quarter. BNP Paribas Financial Markets’ holdings in Invesco S&P 500 High Beta ETF were worth $12,917,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco S&P 500 High Beta ETF by 72.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 14,930 shares of the company’s stock worth $1,746,000 after purchasing an additional 6,249 shares during the period. Axxcess Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 High Beta ETF during the 4th quarter valued at about $274,000. Fortis Group Advisors LLC purchased a new stake in shares of Invesco S&P 500 High Beta ETF during the 4th quarter valued at about $4,209,000. Money Concepts Capital Corp purchased a new stake in shares of Invesco S&P 500 High Beta ETF during the 4th quarter valued at about $3,311,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Invesco S&P 500 High Beta ETF during the 4th quarter valued at about $49,000.
Invesco S&P 500 High Beta ETF Stock Performance
Shares of NYSEARCA:SPHB opened at $143.23 on Monday. The company has a market cap of $859.38 million, a P/E ratio of 20.84 and a beta of 1.41. Invesco S&P 500 High Beta ETF has a one year low of $90.68 and a one year high of $153.31. The business’s 50-day simple moving average is $133.66 and its 200 day simple moving average is $124.39.
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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