Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC trimmed its stake in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 12.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,700 shares of the company’s stock after selling 385 shares during the period. HighTower Advisors LLC’s holdings in Invesco S&P 500 High Beta ETF were worth $241,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in Invesco S&P 500 High Beta ETF during the 2nd quarter valued at $74,000. Commonwealth Equity Services LLC boosted its position in Invesco S&P 500 High Beta ETF by 60.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 16,383 shares of the company’s stock worth $1,384,000 after acquiring an additional 6,174 shares during the period. Aveo Capital Partners LLC raised its position in shares of Invesco S&P 500 High Beta ETF by 4.3% during the 2nd quarter. Aveo Capital Partners LLC now owns 45,240 shares of the company’s stock worth $3,821,000 after buying an additional 1,885 shares in the last quarter. Hanlon Investment Management Inc. lifted its position in Invesco S&P 500 High Beta ETF by 11.8% in the second quarter. Hanlon Investment Management Inc. now owns 4,876 shares of the company’s stock worth $412,000 after purchasing an additional 514 shares during the period. Finally, Bank of Montreal Can boosted its stake in Invesco S&P 500 High Beta ETF by 27.8% during the second quarter. Bank of Montreal Can now owns 8,732 shares of the company’s stock valued at $742,000 after buying an additional 1,902 shares in the last quarter.

Invesco S&P 500 High Beta ETF Stock Performance

Invesco S&P 500 High Beta ETF stock opened at $91.68 on Wednesday. The firm has a market cap of $650.93 million, a price-to-earnings ratio of 22.23 and a beta of 1.48. The firm’s 50 day moving average price is $91.21 and its two-hundred day moving average price is $87.40. Invesco S&P 500 High Beta ETF has a 1 year low of $75.86 and a 1 year high of $96.05.

Invesco S&P 500 High Beta ETF 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.