Commonwealth Financial Services LLC Invests $1.86 Million in Invesco S&P 500 High Beta ETF $SPHB

Commonwealth Financial Services LLC acquired a new stake in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 16,012 shares of the company’s stock, valued at approximately $1,857,000. Commonwealth Financial Services LLC owned approximately 0.27% of Invesco S&P 500 High Beta ETF as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its stake in Invesco S&P 500 High Beta ETF by 4,310.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 382,849 shares of the company’s stock valued at $44,422,000 after acquiring an additional 374,168 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Invesco S&P 500 High Beta ETF by 75.8% during the fourth quarter. Wells Fargo & Company MN now owns 381,649 shares of the company’s stock worth $44,642,000 after purchasing an additional 164,522 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Invesco S&P 500 High Beta ETF by 11.9% in the 4th quarter. LPL Financial LLC now owns 221,840 shares of the company’s stock worth $25,949,000 after purchasing an additional 23,514 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Invesco S&P 500 High Beta ETF by 19.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 170,536 shares of the company’s stock worth $18,725,000 after purchasing an additional 27,943 shares in the last quarter. Finally, PFG Advisors raised its holdings in shares of Invesco S&P 500 High Beta ETF by 25.9% during the 4th quarter. PFG Advisors now owns 117,266 shares of the company’s stock valued at $13,717,000 after buying an additional 24,141 shares in the last quarter.

Invesco S&P 500 High Beta ETF Price Performance

NYSEARCA:SPHB opened at $140.94 on Monday. The business has a 50 day moving average of $147.03 and a 200 day moving average of $131.56. The company has a market capitalization of $964.03 million, a price-to-earnings ratio of 20.84 and a beta of 1.40. Invesco S&P 500 High Beta ETF has a 1-year low of $98.85 and a 1-year high of $157.57.

About Invesco S&P 500 High Beta ETF

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.