Invesco S&P 500 High Beta ETF $SPHB Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 72.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,930 shares of the company’s stock after acquiring an additional 6,249 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.27% of Invesco S&P 500 High Beta ETF worth $1,746,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Cornerstone Planning Group LLC acquired a new stake in shares of Invesco S&P 500 High Beta ETF during the 4th quarter valued at about $28,000. Founders Financial Alliance LLC acquired a new stake in shares of Invesco S&P 500 High Beta ETF during the 3rd quarter valued at about $36,000. Chesapeake Asset Management LLC acquired a new stake in shares of Invesco S&P 500 High Beta ETF during the 4th quarter valued at about $41,000. International Assets Investment Management LLC acquired a new stake in shares of Invesco S&P 500 High Beta ETF during the 4th quarter valued at about $49,000. Finally, Realta Investment Advisors acquired a new stake in shares of Invesco S&P 500 High Beta ETF during the 4th quarter valued at about $74,000.

Invesco S&P 500 High Beta ETF Stock Down 5.7%

NYSEARCA:SPHB opened at $143.23 on Friday. Invesco S&P 500 High Beta ETF has a 52 week low of $90.68 and a 52 week high of $153.31. The stock has a market capitalization of $859.38 million, a PE ratio of 20.84 and a beta of 1.41. The stock’s 50-day moving average price is $133.66 and its 200-day moving average price is $124.28.

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.