Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Hits New 1-Year High – Time to Buy?

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)’s stock price reached a new 52-week high on Monday . The stock traded as high as $136.23 and last traded at $136.14, with a volume of 22181 shares trading hands. The stock had previously closed at $135.31.

Invesco S&P 500 High Beta ETF Trading Up 0.1%

The company has a market capitalization of $812.64 million, a price-to-earnings ratio of 20.84 and a beta of 1.39. The firm’s fifty day simple moving average is $122.68 and its two-hundred day simple moving average is $119.31.

Hedge Funds Weigh In On Invesco S&P 500 High Beta ETF

Several large investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco S&P 500 High Beta ETF by 4,310.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 382,849 shares of the company’s stock worth $44,422,000 after acquiring an additional 374,168 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Invesco S&P 500 High Beta ETF by 75.8% in the 4th quarter. Wells Fargo & Company MN now owns 381,649 shares of the company’s stock worth $44,642,000 after acquiring an additional 164,522 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Invesco S&P 500 High Beta ETF by 11.9% in the 4th quarter. LPL Financial LLC now owns 221,840 shares of the company’s stock worth $25,949,000 after acquiring an additional 23,514 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Invesco S&P 500 High Beta ETF by 19.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 170,536 shares of the company’s stock worth $18,725,000 after acquiring an additional 27,943 shares during the last quarter. Finally, Axiom Financial Strategies LLC acquired a new position in shares of Invesco S&P 500 High Beta ETF in the 3rd quarter worth approximately $14,891,000.

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.