NTV Asset Management LLC Buys New Position in Invesco S&P 500 High Beta ETF $SPHB

NTV Asset Management LLC purchased a new stake in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 25,526 shares of the company’s stock, valued at approximately $3,848,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPHB. Cornerstone Planning Group LLC boosted its stake in shares of Invesco S&P 500 High Beta ETF by 43.9% in the first quarter. Cornerstone Planning Group LLC now owns 328 shares of the company’s stock valued at $38,000 after buying an additional 100 shares during the period. Continuum Advisory LLC acquired a new stake in Invesco S&P 500 High Beta ETF during the second quarter worth approximately $78,000. Capital Investment Advisors LLC acquired a new stake in Invesco S&P 500 High Beta ETF during the third quarter worth approximately $204,000. Focus Financial Network Inc. acquired a new stake in Invesco S&P 500 High Beta ETF during the second quarter worth approximately $264,000. Finally, Independent Financial Group LLC acquired a new stake in Invesco S&P 500 High Beta ETF during the first quarter worth approximately $235,000.

Invesco S&P 500 High Beta ETF Price Performance

Invesco S&P 500 High Beta ETF stock opened at $136.00 on Friday. The stock’s fifty day moving average price is $147.83 and its two-hundred day moving average price is $144.30. Invesco S&P 500 High Beta ETF has a one year low of $103.31 and a one year high of $157.59. The firm has a market cap of $799.68 million, a PE ratio of 20.84 and a beta of 1.44.

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.