Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Sets New 12-Month High – Still a Buy?

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $96.15 and last traded at $94.97, with a volume of 237960 shares changing hands. The stock had previously closed at $95.13.

Invesco S&P 500 High Beta ETF Stock Down 0.0 %

The business has a fifty day simple moving average of $91.44 and a two-hundred day simple moving average of $89.07. The company has a market cap of $675.35 million, a P/E ratio of 22.23 and a beta of 1.48.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SPHB. Harbour Investments Inc. bought a new stake in Invesco S&P 500 High Beta ETF during the 4th quarter valued at approximately $28,000. CIBC Private Wealth Group LLC raised its stake in Invesco S&P 500 High Beta ETF by 229.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 431 shares of the company’s stock valued at $39,000 after purchasing an additional 300 shares during the period. Global Retirement Partners LLC raised its stake in Invesco S&P 500 High Beta ETF by 642.9% during the 4th quarter. Global Retirement Partners LLC now owns 520 shares of the company’s stock valued at $46,000 after purchasing an additional 450 shares during the period. Runnymede Capital Advisors Inc. purchased a new position in Invesco S&P 500 High Beta ETF during the 4th quarter valued at approximately $47,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in Invesco S&P 500 High Beta ETF during the 4th quarter valued at approximately $81,000.

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.