Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Sets New 52-Week High – Still a Buy?

by · The Cerbat Gem

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $124.48 and last traded at $123.6010, with a volume of 90913 shares trading hands. The stock had previously closed at $122.82.

Invesco S&P 500 High Beta ETF Trading Up 0.7%

The stock has a market capitalization of $685.43 million, a PE ratio of 20.84 and a beta of 1.47. The business has a fifty day moving average price of $117.03 and a 200-day moving average price of $110.66.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SPHB. Founders Financial Alliance LLC purchased a new position in shares of Invesco S&P 500 High Beta ETF during the third quarter worth approximately $36,000. Chesapeake Asset Management LLC bought a new position in shares of Invesco S&P 500 High Beta ETF during the 4th quarter valued at $41,000. Delos Wealth Advisors LLC bought a new stake in Invesco S&P 500 High Beta ETF in the second quarter worth $38,000. Realta Investment Advisors purchased a new stake in Invesco S&P 500 High Beta ETF during the fourth 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 during the third quarter valued at about $77,000.

Invesco S&P 500 High Beta ETF Company Profile

(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.

Further Reading