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

Assetmark Inc. reduced its holdings in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 99.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,188 shares of the company’s stock after selling 1,138,296 shares during the period. Assetmark Inc.’s holdings in Invesco S&P 500 High Beta ETF were worth $106,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Hanlon Investment Management Inc. raised its stake in 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 purchasing an additional 514 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Invesco S&P 500 High Beta ETF in the 2nd quarter valued at approximately $74,000. Cetera Investment Advisers raised its stake in shares of Invesco S&P 500 High Beta ETF by 10.7% in the 2nd quarter. Cetera Investment Advisers now owns 12,349 shares of the company’s stock valued at $1,043,000 after acquiring an additional 1,193 shares during the period. Aveo Capital Partners LLC raised its stake in shares of Invesco S&P 500 High Beta ETF by 4.3% in the 2nd quarter. Aveo Capital Partners LLC now owns 45,240 shares of the company’s stock valued at $3,821,000 after acquiring an additional 1,885 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of Invesco S&P 500 High Beta ETF by 27.8% in the 2nd quarter. Bank of Montreal Can now owns 8,732 shares of the company’s stock valued at $742,000 after acquiring an additional 1,902 shares during the period.

Invesco S&P 500 High Beta ETF Stock Performance

Shares of SPHB stock opened at $88.23 on Monday. The stock has a market capitalization of $626.43 million, a P/E ratio of 22.23 and a beta of 1.48. The company has a 50 day moving average price of $88.63 and a 200 day moving average price of $85.77. Invesco S&P 500 High Beta ETF has a fifty-two week low of $70.85 and a fifty-two week high of $92.50.

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.