LPL Financial LLC Has $11.83 Million Stake in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)

LPL Financial LLC cut its position in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 7.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 133,493 shares of the company’s stock after selling 10,406 shares during the quarter. LPL Financial LLC owned 1.88% of Invesco S&P 500 High Beta ETF worth $11,834,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Stratos Wealth Advisors LLC increased its stake in 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 valued at $518,000 after acquiring an additional 237 shares during the last quarter. Harbour Investments Inc. bought a new position in shares of Invesco S&P 500 High Beta ETF in the 4th quarter valued at $28,000. Global Retirement Partners LLC increased its stake in shares of Invesco S&P 500 High Beta ETF by 642.9% in the 4th quarter. Global Retirement Partners LLC now owns 520 shares of the company’s stock valued at $46,000 after purchasing an additional 450 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of Invesco S&P 500 High Beta ETF by 22.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 2,752 shares of the company’s stock worth $244,000 after buying an additional 509 shares in the last quarter. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of Invesco S&P 500 High Beta ETF during the 4th quarter worth $47,000.

Invesco S&P 500 High Beta ETF Stock Up 1.8 %

Invesco S&P 500 High Beta ETF stock opened at $80.17 on Thursday. The stock has a market cap of $342.33 million, a PE ratio of 22.87 and a beta of 1.43. Invesco S&P 500 High Beta ETF has a 12-month low of $75.73 and a 12-month high of $96.15. The business’s 50-day moving average price is $86.85 and its two-hundred day moving average price is $89.24.

Invesco S&P 500 High Beta ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a dividend of $0.1506 per share. The ex-dividend date was Monday, March 24th.

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.