16,012 Shares in Invesco S&P 500 High Beta ETF $SPHB Bought by Commonwealth Financial Services LLC

Commonwealth Financial Services LLC purchased a new position in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,012 shares of the company’s stock, valued at approximately $1,857,000.

Several other institutional investors have also added to or reduced their stakes in SPHB. Cornerstone Planning Group LLC bought a new position in shares of Invesco S&P 500 High Beta ETF during the fourth quarter valued at about $28,000. Chesapeake Asset Management LLC bought a new stake in shares of Invesco S&P 500 High Beta ETF in the 4th quarter valued at about $41,000. International Assets Investment Management LLC bought a new stake in shares of Invesco S&P 500 High Beta ETF in the 4th quarter valued at about $49,000. Realta Investment Advisors bought a new stake in shares of Invesco S&P 500 High Beta ETF in the 4th quarter valued at about $74,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in Invesco S&P 500 High Beta ETF during the 4th quarter valued at about $108,000.

Invesco S&P 500 High Beta ETF Price Performance

SPHB opened at $140.94 on Monday. The stock’s 50 day simple moving average is $147.03 and its 200 day simple moving average is $131.56. Invesco S&P 500 High Beta ETF has a 1 year low of $98.85 and a 1 year high of $157.57. The firm has a market cap of $964.03 million, a price-to-earnings ratio of 20.84 and a beta of 1.40.

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.