Royal Bank of Canada trimmed its position in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Free Report) by 12.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,240 shares of the company’s stock after selling 10,027 shares during the period. Royal Bank of Canada’s holdings in Invesco S&P 500 High Beta ETF were worth $8,492,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Cornerstone Planning Group LLC bought a new position in shares of Invesco S&P 500 High Beta ETF during the fourth quarter worth about $28,000. International Assets Investment Management LLC bought a new stake in Invesco S&P 500 High Beta ETF in the 4th quarter valued at approximately $49,000. Flagship Harbor Advisors LLC acquired a new position in Invesco S&P 500 High Beta ETF during the 4th quarter worth approximately $108,000. Headlands Technologies LLC acquired a new position in Invesco S&P 500 High Beta ETF during the 2nd quarter worth approximately $104,000. Finally, Fischer Investment Strategies LLC bought a new position in shares of Invesco S&P 500 High Beta ETF during the 4th quarter worth approximately $217,000.
Invesco S&P 500 High Beta ETF Price Performance
NYSEARCA SPHB opened at $147.90 on Monday. Invesco S&P 500 High Beta ETF has a 12-month low of $100.30 and a 12-month high of $157.57. The company has a market capitalization of $1.02 billion, a PE ratio of 20.84 and a beta of 1.42. The firm’s 50 day moving average is $147.44 and its 200-day moving average is $133.84.
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.
Recommended Stories
- Five stocks we like better than Invesco S&P 500 High Beta ETF
- Albemarle’s Blowout Quarter Shows Why Lithium Still Matters
- Can DICK’S Turn Foot Locker Into a Winner?
- Why Dutch Bros Plunged Despite a Q2 Earnings Beat and Record Revenue
- Take-Two’s Q1 Results Leave GTA 6 Bulls Stuck in the Fog of War
Want to see what other hedge funds are holding SPHB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Free Report).
Receive News & Ratings for Invesco S&P 500 High Beta ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 High Beta ETF and related companies with MarketBeat.com's FREE daily email newsletter.
