Oppenheimer & Co. Inc. reduced its stake in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Free Report) by 6.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,243 shares of the company’s stock after selling 146 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Invesco S&P 500 High Beta ETF were worth $200,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of Invesco S&P 500 High Beta ETF in the 2nd quarter worth about $74,000. Vontobel Holding Ltd. purchased a new stake in shares of Invesco S&P 500 High Beta ETF in the 3rd quarter worth about $217,000. Hanlon Investment Management Inc. grew its position in shares of Invesco S&P 500 High Beta ETF by 11.8% in the 2nd quarter. Hanlon Investment Management Inc. now owns 4,876 shares of the company’s stock worth $412,000 after buying an additional 514 shares during the period. Chicago Wealth Management Inc. grew its position in shares of Invesco S&P 500 High Beta ETF by 131.6% in the 2nd quarter. Chicago Wealth Management Inc. now owns 6,435 shares of the company’s stock worth $543,000 after buying an additional 3,656 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Invesco S&P 500 High Beta ETF in the 2nd quarter worth about $682,000.
Invesco S&P 500 High Beta ETF Price Performance
NYSEARCA:SPHB opened at $92.72 on Friday. The firm’s 50-day moving average price is $89.38 and its 200-day moving average price is $86.03. The company has a market capitalization of $658.31 million, a PE ratio of 22.23 and a beta of 1.48. Invesco S&P 500 High Beta ETF has a 1-year low of $71.54 and a 1-year high of $92.75.
Invesco S&P 500 High Beta ETF Company Profile
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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