KFG Wealth Management LLC Reduces Holdings in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)

KFG Wealth Management LLC trimmed its position in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 94,692 shares of the company’s stock after selling 10,424 shares during the quarter. Invesco S&P 500 High Beta ETF makes up 3.6% of KFG Wealth Management LLC’s holdings, making the stock its 6th largest position. KFG Wealth Management LLC owned about 1.09% of Invesco S&P 500 High Beta ETF worth $7,803,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of America Corp DE grew its stake in Invesco S&P 500 High Beta ETF by 24.5% in the 1st quarter. Bank of America Corp DE now owns 1,034,960 shares of the company’s stock valued at $72,406,000 after buying an additional 203,630 shares during the last quarter. Royal Bank of Canada grew its stake in Invesco S&P 500 High Beta ETF by 28.5% in the 2nd quarter. Royal Bank of Canada now owns 217,172 shares of the company’s stock valued at $16,589,000 after buying an additional 48,169 shares during the last quarter. Raymond James & Associates grew its stake in Invesco S&P 500 High Beta ETF by 8.4% in the 4th quarter. Raymond James & Associates now owns 215,641 shares of the company’s stock valued at $17,769,000 after buying an additional 16,715 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Invesco S&P 500 High Beta ETF by 104.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 110,885 shares of the company’s stock valued at $7,773,000 after buying an additional 56,670 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in Invesco S&P 500 High Beta ETF by 1,011.8% in the 2nd quarter. Jane Street Group LLC now owns 105,819 shares of the company’s stock valued at $6,202,000 after buying an additional 96,301 shares during the last quarter.

Invesco S&P 500 High Beta ETF Trading Down 0.5 %

Shares of NYSEARCA:SPHB traded down $0.39 on Friday, reaching $79.94. 1,129,134 shares of the company’s stock were exchanged, compared to its average volume of 679,357. The company has a fifty day moving average of $84.41 and a 200-day moving average of $78.17. Invesco S&P 500 High Beta ETF has a twelve month low of $63.15 and a twelve month high of $88.09. The company has a market capitalization of $591.56 million, a price-to-earnings ratio of 22.43 and a beta of 1.50.

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.