Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Hits New 1-Year High – What’s Next?

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $142.33 and last traded at $141.70, with a volume of 10790 shares. The stock had previously closed at $141.67.

Invesco S&P 500 High Beta ETF Stock Down 1.4%

The company has a market cap of $841.56 million, a P/E ratio of 20.84 and a beta of 1.39. The company has a fifty day moving average of $124.69 and a 200 day moving average of $120.51.

Institutional Trading of Invesco S&P 500 High Beta ETF

Several large investors have recently modified their holdings of SPHB. BNP Paribas Financial Markets grew its holdings in shares of Invesco S&P 500 High Beta ETF by 13.8% in the second 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 during the period. Headlands Technologies LLC purchased a new stake in Invesco S&P 500 High Beta ETF during the second quarter valued at approximately $104,000. Q3 Asset Management purchased a new stake in Invesco S&P 500 High Beta ETF during the third quarter valued at approximately $256,000. Bank Hapoalim BM purchased a new stake in Invesco S&P 500 High Beta ETF during the third quarter valued at approximately $9,443,000. Finally, Jones Financial Companies Lllp increased its holdings in Invesco S&P 500 High Beta ETF by 75.7% during the third quarter. Jones Financial Companies Lllp now owns 19,786 shares of the company’s stock valued at $2,165,000 after buying an additional 8,523 shares during the last quarter.

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.