NTV Asset Management LLC cut its stake in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Free Report) by 17.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 58,125 shares of the company’s stock after selling 12,005 shares during the period. NTV Asset Management LLC’s holdings in Invesco S&P 500 High Beta ETF were worth $4,790,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Sykon Capital LLC acquired a new stake in shares of Invesco S&P 500 High Beta ETF in the 4th quarter worth $10,789,000. Vestmark Advisory Solutions Inc. purchased a new position in Invesco S&P 500 High Beta ETF during the fourth quarter worth about $4,495,000. Win Advisors Inc. acquired a new stake in Invesco S&P 500 High Beta ETF in the fourth quarter valued at about $479,000. Simplex Trading LLC purchased a new stake in Invesco S&P 500 High Beta ETF in the 4th quarter valued at approximately $432,000. Finally, Atria Wealth Solutions Inc. acquired a new position in Invesco S&P 500 High Beta ETF during the 4th quarter worth approximately $224,000.
Invesco S&P 500 High Beta ETF Price Performance
Shares of SPHB stock traded up $0.79 during trading hours on Friday, reaching $82.67. 544,936 shares of the company’s stock were exchanged, compared to its average volume of 673,353. The company’s 50 day moving average is $84.20 and its two-hundred day moving average is $79.14. The company has a market cap of $586.96 million, a P/E ratio of 22.23 and a beta of 1.48. Invesco S&P 500 High Beta ETF has a 1 year low of $63.15 and a 1 year high of $88.09.
Invesco S&P 500 High Beta ETF 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.
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