Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Sees Large Volume Increase – Should You Buy?

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) saw unusually-strong trading volume on Friday . Approximately 151,082 shares traded hands during mid-day trading, a decline of 32% from the previous session’s volume of 222,988 shares.The stock last traded at $89.37 and had previously closed at $90.26.

Invesco S&P 500 High Beta ETF Stock Performance

The company has a market capitalization of $630.62 million, a PE ratio of 22.23 and a beta of 1.48. The company’s fifty day moving average is $91.41 and its 200-day moving average is $87.90.

Institutional Trading of Invesco S&P 500 High Beta ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of Montreal Can boosted its holdings in Invesco S&P 500 High Beta ETF by 448.6% in the 3rd quarter. Bank of Montreal Can now owns 47,903 shares of the company’s stock worth $4,291,000 after buying an additional 39,171 shares during the period. Millennium Management LLC bought a new position in shares of Invesco S&P 500 High Beta ETF in the second quarter worth about $3,965,000. Commonwealth Equity Services LLC grew its position in shares of Invesco S&P 500 High Beta ETF by 60.5% during the second quarter. Commonwealth Equity Services LLC now owns 16,383 shares of the company’s stock worth $1,384,000 after purchasing an additional 6,174 shares in the last quarter. Cetera Investment Advisers raised its stake in Invesco S&P 500 High Beta ETF by 10.7% during the 2nd quarter. Cetera Investment Advisers now owns 12,349 shares of the company’s stock valued at $1,043,000 after purchasing an additional 1,193 shares during the period. Finally, Flow Traders U.S. LLC lifted its holdings in Invesco S&P 500 High Beta ETF by 17.7% in the 3rd quarter. Flow Traders U.S. LLC now owns 11,915 shares of the company’s stock worth $1,063,000 after purchasing an additional 1,791 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.