Abound Financial LLC acquired a new position in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Free Report) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 19,851 shares of the company’s stock, valued at approximately $1,760,000. Invesco S&P 500 High Beta ETF makes up approximately 0.9% of Abound Financial LLC’s investment portfolio, making the stock its 23rd largest position.
A number of other large investors have also recently bought and sold shares of SPHB. Q3 Asset Management acquired a new stake in Invesco S&P 500 High Beta ETF during the fourth quarter worth about $11,242,000. Bank of Montreal Can grew its stake in Invesco S&P 500 High Beta ETF by 448.6% during the third 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 in the last quarter. Seros Financial LLC acquired a new stake in Invesco S&P 500 High Beta ETF during the fourth quarter worth about $870,000. Plotkin Financial Advisors LLC acquired a new stake in Invesco S&P 500 High Beta ETF during the third quarter worth about $454,000. Finally, IHT Wealth Management LLC grew its stake in Invesco S&P 500 High Beta ETF by 79.0% during the third quarter. IHT Wealth Management LLC now owns 8,823 shares of the company’s stock worth $781,000 after buying an additional 3,894 shares in the last quarter.
Invesco S&P 500 High Beta ETF Trading Down 3.4 %
SPHB opened at $90.90 on Friday. The company’s 50 day moving average is $91.47 and its 200-day moving average is $89.34. Invesco S&P 500 High Beta ETF has a 1-year low of $75.86 and a 1-year high of $96.15. The company has a market cap of $645.39 million, a P/E ratio of 22.23 and a beta of 1.48.
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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