Assetmark Inc. Sells 449 Shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)

Assetmark Inc. trimmed its holdings in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 37.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 739 shares of the company’s stock after selling 449 shares during the quarter. Assetmark Inc.’s holdings in Invesco S&P 500 High Beta ETF were worth $66,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Stratos Wealth Advisors LLC lifted its holdings in shares of Invesco S&P 500 High Beta ETF by 4.2% in the fourth quarter. Stratos Wealth Advisors LLC now owns 5,846 shares of the company’s stock worth $518,000 after buying an additional 237 shares in the last quarter. Global Retirement Partners LLC boosted its position in Invesco S&P 500 High Beta ETF by 642.9% during the 4th quarter. Global Retirement Partners LLC now owns 520 shares of the company’s stock valued at $46,000 after buying an additional 450 shares during the period. Oppenheimer & Co. Inc. grew its holdings in Invesco S&P 500 High Beta ETF by 22.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 2,752 shares of the company’s stock worth $244,000 after acquiring an additional 509 shares during the last quarter. National Bank of Canada FI bought a new position in shares of Invesco S&P 500 High Beta ETF during the third quarter valued at about $91,000. Finally, Capital Investment Advisory Services LLC boosted its holdings in shares of Invesco S&P 500 High Beta ETF by 5.6% during the fourth quarter. Capital Investment Advisory Services LLC now owns 31,102 shares of the company’s stock worth $2,757,000 after purchasing an additional 1,640 shares during the period.

Invesco S&P 500 High Beta ETF Trading Up 3.4 %

Shares of Invesco S&P 500 High Beta ETF stock opened at $81.36 on Friday. The company’s fifty day simple moving average is $89.41 and its two-hundred day simple moving average is $89.41. The company has a market cap of $263.61 million, a P/E ratio of 23.63 and a beta of 1.52. Invesco S&P 500 High Beta ETF has a 12-month low of $75.86 and a 12-month high of $96.15.

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.