Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Hits New 12-Month High – Here’s Why

by · The Markets Daily

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $156.00 and last traded at $156.00, with a volume of 1927 shares traded. The stock had previously closed at $155.04.

Invesco S&P 500 High Beta ETF Stock Performance

The stock has a 50-day simple moving average of $140.21 and a 200 day simple moving average of $127.19. The stock has a market capitalization of $940.86 million, a P/E ratio of 20.84 and a beta of 1.41.

Hedge Funds Weigh In On Invesco S&P 500 High Beta ETF

Several hedge funds have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC acquired a new stake in Invesco S&P 500 High Beta ETF in the fourth quarter worth about $28,000. Chesapeake Asset Management LLC acquired a new position in Invesco S&P 500 High Beta ETF during the 4th quarter valued at about $41,000. International Assets Investment Management LLC acquired a new position in Invesco S&P 500 High Beta ETF during the 4th quarter valued at about $49,000. Realta Investment Advisors bought a new position in shares of Invesco S&P 500 High Beta ETF in the 4th quarter valued at about $74,000. Finally, Optiver Holding B.V. bought a new position in shares of Invesco S&P 500 High Beta ETF in the 3rd quarter valued at about $77,000.

About Invesco S&P 500 High Beta ETF

(Get Free Report)

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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