Hanlon Investment Management Inc. Acquires 514 Shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)

Hanlon Investment Management Inc. raised its holdings in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 11.8% during the second quarter, HoldingsChannel reports. The firm owned 4,876 shares of the company’s stock after acquiring an additional 514 shares during the quarter. Hanlon Investment Management Inc.’s holdings in Invesco S&P 500 High Beta ETF were worth $412,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in shares of Invesco S&P 500 High Beta ETF during the second quarter valued at about $74,000. Global Retirement Partners LLC raised its holdings in Invesco S&P 500 High Beta ETF by 4,472.0% in the 1st quarter. Global Retirement Partners LLC now owns 1,143 shares of the company’s stock valued at $100,000 after buying an additional 1,118 shares during the last quarter. Atria Wealth Solutions Inc. acquired a new stake in Invesco S&P 500 High Beta ETF during the 4th quarter worth approximately $224,000. MGB Wealth Management LLC grew its holdings in Invesco S&P 500 High Beta ETF by 17.2% during the 1st quarter. MGB Wealth Management LLC now owns 2,552 shares of the company’s stock worth $224,000 after acquiring an additional 375 shares during the last quarter. Finally, VitalStone Financial LLC grew its holdings in Invesco S&P 500 High Beta ETF by 698.6% during the 4th quarter. VitalStone Financial LLC now owns 2,795 shares of the company’s stock worth $230,000 after acquiring an additional 2,445 shares during the last quarter.

Invesco S&P 500 High Beta ETF Stock Down 2.4 %

Shares of NYSEARCA:SPHB opened at $79.81 on Friday. The firm has a market cap of $566.65 million, a P/E ratio of 22.23 and a beta of 1.48. Invesco S&P 500 High Beta ETF has a 12-month low of $63.15 and a 12-month high of $90.34. The business has a fifty day simple moving average of $84.50 and a 200 day simple moving average of $84.23.

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.