BNB Wealth Management LLC Invests $4.11 Million in Invesco S&P 500 High Beta ETF $SPHB

BNB Wealth Management LLC purchased a new position in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 35,114 shares of the company’s stock, valued at approximately $4,107,000. Invesco S&P 500 High Beta ETF makes up approximately 2.6% of BNB Wealth Management LLC’s portfolio, making the stock its 12th largest holding. BNB Wealth Management LLC owned 0.63% of Invesco S&P 500 High Beta ETF at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in SPHB. BNP Paribas Financial Markets raised its position in shares of Invesco S&P 500 High Beta ETF by 13.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 142,593 shares of the company’s stock worth $13,907,000 after acquiring an additional 17,300 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Invesco S&P 500 High Beta ETF in the 2nd quarter worth $104,000. Oppenheimer & Co. Inc. bought a new position in shares of Invesco S&P 500 High Beta ETF in the 3rd quarter worth $231,000. Founders Financial Alliance LLC bought a new position in shares of Invesco S&P 500 High Beta ETF in the 3rd quarter worth $36,000. Finally, Advisors Preferred LLC bought a new position in shares of Invesco S&P 500 High Beta ETF in the 3rd quarter worth $1,013,000.

Invesco S&P 500 High Beta ETF Trading Down 0.7%

SPHB opened at $150.88 on Thursday. The firm has a market cap of $905.28 million, a price-to-earnings ratio of 20.84 and a beta of 1.41. Invesco S&P 500 High Beta ETF has a 12 month low of $91.07 and a 12 month high of $155.82. The stock has a fifty day moving average price of $138.81 and a 200-day moving average price of $126.60.

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.