HighTower Advisors LLC decreased its position in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Free Report) by 12.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,700 shares of the company’s stock after selling 385 shares during the period. HighTower Advisors LLC’s holdings in Invesco S&P 500 High Beta ETF were worth $241,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Plotkin Financial Advisors LLC purchased a new stake in Invesco S&P 500 High Beta ETF in the 3rd quarter valued at about $454,000. Flow Traders U.S. LLC boosted its position in shares of Invesco S&P 500 High Beta ETF by 17.7% during the 3rd quarter. Flow Traders U.S. LLC now owns 11,915 shares of the company’s stock worth $1,063,000 after purchasing an additional 1,791 shares during the period. Bank of Montreal Can increased its holdings in Invesco S&P 500 High Beta ETF by 448.6% in the 3rd quarter. Bank of Montreal Can now owns 47,903 shares of the company’s stock valued at $4,291,000 after purchasing an additional 39,171 shares during the last quarter. Vontobel Holding Ltd. purchased a new stake in Invesco S&P 500 High Beta ETF in the third quarter valued at approximately $217,000. Finally, Sanctuary Advisors LLC purchased a new stake in Invesco S&P 500 High Beta ETF in the second quarter valued at approximately $682,000.
Invesco S&P 500 High Beta ETF Price Performance
Shares of Invesco S&P 500 High Beta ETF stock opened at $91.68 on Wednesday. The stock has a market capitalization of $650.93 million, a price-to-earnings ratio of 22.23 and a beta of 1.48. The business has a 50-day moving average of $91.21 and a 200 day moving average of $87.40. Invesco S&P 500 High Beta ETF has a 12 month low of $75.86 and a 12 month high of $96.05.
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.
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Want to see what other hedge funds are holding SPHB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Free Report).
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