Secure Asset Management LLC boosted its stake in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Free Report) by 101.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 5,787 shares of the company’s stock after purchasing an additional 2,921 shares during the quarter. Secure Asset Management LLC’s holdings in Invesco S&P 500 High Beta ETF were worth $513,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. National Bank of Canada FI purchased a new stake in shares of Invesco S&P 500 High Beta ETF in the 3rd quarter worth about $91,000. HBW Advisory Services LLC purchased a new stake in Invesco S&P 500 High Beta ETF in the fourth quarter worth about $214,000. Vontobel Holding Ltd. bought a new stake in Invesco S&P 500 High Beta ETF during the 3rd quarter valued at approximately $217,000. Plotkin Financial Advisors LLC purchased a new position in shares of Invesco S&P 500 High Beta ETF during the 3rd quarter worth approximately $454,000. Finally, Chicago Wealth Management Inc. grew its holdings in shares of Invesco S&P 500 High Beta ETF by 131.6% during the 2nd quarter. Chicago Wealth Management Inc. now owns 6,435 shares of the company’s stock worth $543,000 after acquiring an additional 3,656 shares during the period.
Invesco S&P 500 High Beta ETF Stock Down 0.7 %
SPHB opened at $94.50 on Friday. Invesco S&P 500 High Beta ETF has a 52 week low of $75.86 and a 52 week high of $96.05. The stock has a market cap of $670.95 million, a PE ratio of 22.23 and a beta of 1.48. The business has a 50 day moving average of $91.85 and a 200-day moving average of $88.47.
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.
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Want to see what other hedge funds are holding SPHB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Free Report).
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