Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Sees Strong Trading Volume

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) saw an uptick in trading volume on Wednesday . 260,692 shares were traded during trading, a decline of 61% from the previous session’s volume of 663,940 shares.The stock last traded at $81.63 and had previously closed at $81.21.

Invesco S&P 500 High Beta ETF Stock Performance

The business’s 50-day moving average price is $84.41 and its 200-day moving average price is $78.17. The stock has a market cap of $594.44 million, a P/E ratio of 22.43 and a beta of 1.50.

Institutional Investors Weigh In On Invesco S&P 500 High Beta ETF

A number of hedge funds have recently modified their holdings of the business. Ignite Planners LLC bought a new stake in shares of Invesco S&P 500 High Beta ETF during the 1st quarter valued at $338,000. Deane Retirement Strategies Inc. bought a new stake in shares of Invesco S&P 500 High Beta ETF during the 1st quarter valued at $3,924,000. Greenwood Capital Associates LLC bought a new position in Invesco S&P 500 High Beta ETF in the 4th quarter worth $394,000. GTS Securities LLC boosted its holdings in Invesco S&P 500 High Beta ETF by 238.5% in the 4th quarter. GTS Securities LLC now owns 43,196 shares of the company’s stock worth $3,560,000 after buying an additional 30,436 shares during the period. Finally, Kestra Advisory Services LLC boosted its holdings in Invesco S&P 500 High Beta ETF by 2.6% in the 4th quarter. Kestra Advisory Services LLC now owns 10,733 shares of the company’s stock worth $884,000 after buying an additional 271 shares during the period.

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.