Wealthcare Advisory Partners LLC Makes New Investment in Invesco S&P 500 High Beta ETF $SPHB

Wealthcare Advisory Partners LLC bought a new position in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) in the 2nd quarter, Holdings Channel.com reports. The firm bought 4,829 shares of the company’s stock, valued at approximately $751,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco S&P 500 High Beta ETF by 4,310.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 382,849 shares of the company’s stock valued at $44,422,000 after buying an additional 374,168 shares during the period. Wells Fargo & Company MN lifted its position in Invesco S&P 500 High Beta ETF by 75.8% during the 4th quarter. Wells Fargo & Company MN now owns 381,649 shares of the company’s stock worth $44,642,000 after acquiring an additional 164,522 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Invesco S&P 500 High Beta ETF by 271,363.5% in the 1st quarter. NewEdge Advisors LLC now owns 141,161 shares of the company’s stock worth $16,368,000 after acquiring an additional 141,109 shares during the period. BNB Wealth Management LLC purchased a new position in Invesco S&P 500 High Beta ETF in the 4th quarter worth approximately $4,107,000. Finally, Fortis Group Advisors LLC purchased a new position in Invesco S&P 500 High Beta ETF in the 4th quarter worth approximately $4,209,000.

Invesco S&P 500 High Beta ETF Stock Up 0.0%

Shares of NYSEARCA:SPHB opened at $151.59 on Friday. Invesco S&P 500 High Beta ETF has a 52-week low of $100.30 and a 52-week high of $157.57. The company has a 50 day moving average of $147.37 and a two-hundred day moving average of $134.72. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 20.84 and a beta of 1.42.

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.