Commonwealth Equity Services LLC Sells 2,140 Shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)

Commonwealth Equity Services LLC lowered its stake in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 11.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,534 shares of the company’s stock after selling 2,140 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Invesco S&P 500 High Beta ETF were worth $1,466,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Avantax Advisory Services Inc. boosted its holdings in shares of Invesco S&P 500 High Beta ETF by 240.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 45,297 shares of the company’s stock valued at $4,016,000 after acquiring an additional 31,993 shares in the last quarter. Chicago Wealth Management Inc. raised its position in Invesco S&P 500 High Beta ETF by 64.2% in the fourth quarter. Chicago Wealth Management Inc. now owns 14,494 shares of the company’s stock valued at $1,285,000 after purchasing an additional 5,665 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Invesco S&P 500 High Beta ETF during the fourth quarter valued at about $17,090,000. Proficio Capital Partners LLC bought a new stake in shares of Invesco S&P 500 High Beta ETF during the fourth quarter worth about $1,281,000. Finally, Jones Financial Companies Lllp increased its stake in shares of Invesco S&P 500 High Beta ETF by 418.2% in the fourth quarter. Jones Financial Companies Lllp now owns 4,757 shares of the company’s stock valued at $422,000 after buying an additional 3,839 shares during the period.

Invesco S&P 500 High Beta ETF Price Performance

Shares of NYSEARCA SPHB opened at $78.55 on Friday. The company has a 50 day simple moving average of $87.73 and a 200 day simple moving average of $89.35. Invesco S&P 500 High Beta ETF has a 1 year low of $75.86 and a 1 year high of $96.15. The firm has a market cap of $254.50 million, a PE ratio of 23.63 and a beta of 1.52.

Invesco S&P 500 High Beta ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a dividend of $0.1506 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.