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

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) reached a new 52-week high during trading on Tuesday . The stock traded as high as $91.95 and last traded at $91.74, with a volume of 65082 shares traded. The stock had previously closed at $91.70.

Invesco S&P 500 High Beta ETF Price Performance

The company has a market cap of $644.47 million, a PE ratio of 22.23 and a beta of 1.48. The stock’s 50-day moving average is $85.51 and its 200 day moving average is $84.74.

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

Hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC acquired a new position in Invesco S&P 500 High Beta ETF during the 2nd quarter valued at approximately $74,000. MGB Wealth Management LLC increased its position in shares of Invesco S&P 500 High Beta ETF by 17.2% in the 1st quarter. MGB Wealth Management LLC now owns 2,552 shares of the company’s stock valued at $224,000 after acquiring an additional 375 shares during the period. Ignite Planners LLC acquired a new position in shares of Invesco S&P 500 High Beta ETF in the 1st quarter valued at $338,000. Hanlon Investment Management Inc. acquired a new stake in Invesco S&P 500 High Beta ETF during the 1st quarter worth about $383,000. Finally, Greenwood Capital Associates LLC purchased a new stake in Invesco S&P 500 High Beta ETF during the 4th quarter valued at about $394,000.

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.