Fortis Group Advisors LLC Takes Position in Invesco S&P 500 High Beta ETF $SPHB

Fortis Group Advisors LLC acquired a new stake in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 34,738 shares of the company’s stock, valued at approximately $4,209,000. Fortis Group Advisors LLC owned 0.62% of Invesco S&P 500 High Beta ETF at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SPHB. Cornerstone Planning Group LLC bought a new stake in shares of Invesco S&P 500 High Beta ETF during the 4th quarter valued at $28,000. Founders Financial Alliance LLC bought a new stake in shares of Invesco S&P 500 High Beta ETF during the 3rd quarter valued at $36,000. Chesapeake Asset Management LLC bought a new position in Invesco S&P 500 High Beta ETF in the 4th quarter worth $41,000. International Assets Investment Management LLC bought a new position in Invesco S&P 500 High Beta ETF in the 4th quarter worth $49,000. Finally, Realta Investment Advisors bought a new position in Invesco S&P 500 High Beta ETF in the 4th quarter worth $74,000.

Invesco S&P 500 High Beta ETF Stock Performance

Shares of Invesco S&P 500 High Beta ETF stock opened at $137.67 on Thursday. The company has a market capitalization of $826.02 million, a P/E ratio of 20.84 and a beta of 1.39. The company has a fifty day moving average of $126.71 and a 200 day moving average of $121.48. Invesco S&P 500 High Beta ETF has a fifty-two week low of $85.44 and a fifty-two week high of $142.59.

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.