Bank of Montreal Can trimmed its holdings in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Free Report) by 25.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 25,406 shares of the company’s stock after selling 8,624 shares during the period. Bank of Montreal Can’s holdings in Invesco S&P 500 High Beta ETF were worth $2,478,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of SPHB. Focus Partners Advisor Solutions LLC purchased a new position in Invesco S&P 500 High Beta ETF during the 2nd quarter valued at $311,000. Stratos Wealth Advisors LLC lifted its position in shares of Invesco S&P 500 High Beta ETF by 3.8% during the second quarter. Stratos Wealth Advisors LLC now owns 5,829 shares of the company’s stock worth $569,000 after purchasing an additional 212 shares during the last quarter. Atria Wealth Solutions Inc. bought a new stake in shares of Invesco S&P 500 High Beta ETF during the second quarter worth $1,003,000. Commonwealth Financial Services LLC purchased a new stake in shares of Invesco S&P 500 High Beta ETF during the second quarter valued at $4,473,000. Finally, 1858 Wealth Management LLC bought a new position in shares of Invesco S&P 500 High Beta ETF in the second quarter worth about $213,000.
Invesco S&P 500 High Beta ETF Price Performance
SPHB stock opened at $114.02 on Thursday. Invesco S&P 500 High Beta ETF has a 12 month low of $64.40 and a 12 month high of $116.77. The firm’s 50-day moving average is $111.11 and its 200 day moving average is $101.14. The company has a market capitalization of $545.02 million, a PE ratio of 20.84 and a beta of 1.47.
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.
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Want to see what other hedge funds are holding SPHB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Free Report).
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