Harbour Investments Inc. Makes New Investment in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)

Harbour Investments Inc. purchased a new stake in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 315 shares of the company’s stock, valued at approximately $28,000.

A number of other large investors have also made changes to their positions in the stock. Avantax Advisory Services Inc. boosted its stake in Invesco S&P 500 High Beta ETF by 240.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 45,297 shares of the company’s stock worth $4,016,000 after buying an additional 31,993 shares during the last quarter. Chicago Wealth Management Inc. boosted its position in shares of Invesco S&P 500 High Beta ETF by 64.2% during the 4th quarter. Chicago Wealth Management Inc. now owns 14,494 shares of the company’s stock valued at $1,285,000 after acquiring an additional 5,665 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Invesco S&P 500 High Beta ETF during the 4th quarter valued at about $17,090,000. Proficio Capital Partners LLC purchased a new stake in shares of Invesco S&P 500 High Beta ETF in the fourth quarter valued at about $1,281,000. Finally, Jones Financial Companies Lllp increased its position in Invesco S&P 500 High Beta ETF by 418.2% during the fourth quarter. Jones Financial Companies Lllp now owns 4,757 shares of the company’s stock worth $422,000 after purchasing an additional 3,839 shares during the last quarter.

Invesco S&P 500 High Beta ETF Price Performance

NYSEARCA:SPHB opened at $84.34 on Tuesday. The company’s 50-day moving average is $88.50 and its two-hundred day moving average is $89.39. Invesco S&P 500 High Beta ETF has a 1-year low of $75.86 and a 1-year high of $96.15. The firm has a market capitalization of $273.26 million, a price-to-earnings ratio of 23.63 and a beta of 1.52.

Invesco S&P 500 High Beta ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be issued a $0.1506 dividend. The ex-dividend date is Monday, March 24th.

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.