Sowell Financial Services LLC Invests $1.28 Million in Invesco S&P 500 High Beta ETF $SPHB

Sowell Financial Services LLC bought a new position in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 13,100 shares of the company’s stock, valued at approximately $1,278,000. Sowell Financial Services LLC owned approximately 0.33% of Invesco S&P 500 High Beta ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC purchased a new position in Invesco S&P 500 High Beta ETF during the second quarter valued at approximately $213,000. Coppell Advisory Solutions LLC grew its position in Invesco S&P 500 High Beta ETF by 5,429.8% during the first quarter. Coppell Advisory Solutions LLC now owns 26,377 shares of the company’s stock valued at $2,064,000 after purchasing an additional 25,900 shares in the last quarter. Jones Financial Companies Lllp grew its position in Invesco S&P 500 High Beta ETF by 1,500.2% during the first quarter. Jones Financial Companies Lllp now owns 76,121 shares of the company’s stock valued at $5,957,000 after purchasing an additional 71,364 shares in the last quarter. Royal Bank of Canada grew its position in Invesco S&P 500 High Beta ETF by 13.3% during the first quarter. Royal Bank of Canada now owns 137,049 shares of the company’s stock valued at $10,726,000 after purchasing an additional 16,132 shares in the last quarter. Finally, Flow Traders U.S. LLC grew its position in Invesco S&P 500 High Beta ETF by 1,056.0% during the first quarter. Flow Traders U.S. LLC now owns 37,109 shares of the company’s stock valued at $2,904,000 after purchasing an additional 33,899 shares in the last quarter.

Invesco S&P 500 High Beta ETF Stock Performance

Shares of SPHB opened at $111.15 on Tuesday. The company’s 50 day moving average price is $104.28 and its 200 day moving average price is $91.96. Invesco S&P 500 High Beta ETF has a 52 week low of $64.40 and a 52 week high of $111.31. The company has a market capitalization of $513.51 million, a PE ratio of 20.84 and a beta of 1.49.

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.