Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Get Free Report)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $88.15 and last traded at $87.72, with a volume of 160602 shares trading hands. The stock had previously closed at $86.96.
Invesco S&P 500 High Beta ETF Stock Performance
The stock’s 50 day moving average price is $84.32 and its 200 day moving average price is $83.41. The company has a market capitalization of $627.78 million, a P/E ratio of 22.23 and a beta of 1.48.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC bought a new position in Invesco S&P 500 High Beta ETF during the fourth quarter worth $5,905,000. Koshinski Asset Management Inc. boosted its stake in Invesco S&P 500 High Beta ETF by 83.8% during the fourth quarter. Koshinski Asset Management Inc. now owns 10,064 shares of the company’s stock worth $829,000 after acquiring an additional 4,589 shares in the last quarter. Fingerlakes Wealth Management Inc. bought a new position in Invesco S&P 500 High Beta ETF during the fourth quarter worth $287,000. CWM LLC boosted its stake in Invesco S&P 500 High Beta ETF by 33.2% during the fourth quarter. CWM LLC now owns 1,595 shares of the company’s stock worth $131,000 after acquiring an additional 398 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its stake in Invesco S&P 500 High Beta ETF by 3.1% during the fourth quarter. D.A. Davidson & CO. now owns 27,207 shares of the company’s stock worth $2,242,000 after acquiring an additional 809 shares in the last quarter.
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.
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