Oppenheimer Asset Management Inc. Decreases Stake in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)

Oppenheimer Asset Management Inc. cut its holdings in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 19.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,261 shares of the company’s stock after selling 1,753 shares during the quarter. Oppenheimer Asset Management Inc. owned approximately 0.10% of Invesco S&P 500 High Beta ETF worth $613,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hanlon Investment Management Inc. lifted its position in shares of Invesco S&P 500 High Beta ETF by 11.8% during the second quarter. Hanlon Investment Management Inc. now owns 4,876 shares of the company’s stock worth $412,000 after acquiring an additional 514 shares in the last quarter. Aveo Capital Partners LLC raised its stake 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 valued at $3,821,000 after purchasing an additional 1,885 shares during the period. Commonwealth Equity Services LLC lifted its holdings 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 purchasing an additional 6,174 shares in the last quarter. International Assets Investment Management LLC bought a new position in Invesco S&P 500 High Beta ETF in the 2nd quarter worth about $74,000. Finally, Burke & Herbert Bank & Trust Co. bought a new position in Invesco S&P 500 High Beta ETF in the 2nd quarter worth about $1,091,000.

Invesco S&P 500 High Beta ETF Stock Down 0.2 %

Shares of SPHB opened at $87.90 on Friday. Invesco S&P 500 High Beta ETF has a twelve month low of $63.15 and a twelve month high of $90.34. The stock has a market cap of $624.09 million, a PE ratio of 22.23 and a beta of 1.48. The business’s 50-day moving average price is $84.31 and its 200-day moving average price is $84.33.

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.