Royal Bank of Canada Has $8.49 Million Position in Invesco S&P 500 High Beta ETF $SPHB

Royal Bank of Canada cut its position in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 12.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 73,240 shares of the company’s stock after selling 10,027 shares during the period. Royal Bank of Canada owned about 1.22% of Invesco S&P 500 High Beta ETF worth $8,492,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cornerstone Planning Group LLC acquired a new stake in Invesco S&P 500 High Beta ETF during the 4th quarter worth $28,000. International Assets Investment Management LLC bought a new stake in shares of Invesco S&P 500 High Beta ETF in the fourth quarter worth about $49,000. Headlands Technologies LLC bought a new stake in shares of Invesco S&P 500 High Beta ETF in the second quarter worth about $104,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Invesco S&P 500 High Beta ETF during the fourth quarter worth about $108,000. Finally, Fischer Investment Strategies LLC bought a new position in shares of Invesco S&P 500 High Beta ETF during the 4th quarter valued at about $217,000.

Invesco S&P 500 High Beta ETF Stock Performance

Shares of SPHB opened at $147.90 on Monday. The stock has a 50 day simple moving average of $147.44 and a 200 day simple moving average of $133.84. Invesco S&P 500 High Beta ETF has a 52-week low of $100.30 and a 52-week high of $157.57. The firm has a market capitalization of $1.02 billion, a PE ratio of 20.84 and a beta of 1.42.

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.