Commonwealth Financial Services LLC Buys New Holdings in Invesco S&P 500 High Beta ETF $SPHB

Commonwealth Financial Services LLC bought a new stake in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHBFree Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 45,863 shares of the company’s stock, valued at approximately $4,473,000. Commonwealth Financial Services LLC owned about 1.05% of Invesco S&P 500 High Beta ETF as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. LPL Financial LLC lifted its position in Invesco S&P 500 High Beta ETF by 188.7% during the first quarter. LPL Financial LLC now owns 385,387 shares of the company’s stock worth $30,160,000 after acquiring an additional 251,894 shares during the last quarter. Royal Bank of Canada lifted its position in Invesco S&P 500 High Beta ETF by 13.3% during the first quarter. Royal Bank of Canada now owns 137,049 shares of the company’s stock worth $10,726,000 after acquiring an additional 16,132 shares during the last quarter. Vestmark Advisory Solutions Inc. acquired a new stake in Invesco S&P 500 High Beta ETF during the first quarter worth approximately $7,436,000. Jones Financial Companies Lllp lifted its position in Invesco S&P 500 High Beta ETF by 1,500.2% during the first quarter. Jones Financial Companies Lllp now owns 76,121 shares of the company’s stock worth $5,957,000 after acquiring an additional 71,364 shares during the last quarter. Finally, Cynosure Group LLC acquired a new stake in Invesco S&P 500 High Beta ETF during the first quarter worth approximately $4,974,000.

Invesco S&P 500 High Beta ETF Stock Down 4.8%

Shares of SPHB stock opened at $107.46 on Friday. The firm has a 50 day moving average price of $106.59 and a two-hundred day moving average price of $94.73. The company has a market capitalization of $477.12 million, a PE ratio of 20.84 and a beta of 1.49. Invesco S&P 500 High Beta ETF has a 12-month low of $64.40 and a 12-month high of $113.86.

Invesco S&P 500 High Beta ETF Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)

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