Sykon Capital LLC Makes New $10.79 Million Investment in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)

Sykon Capital LLC purchased a new position in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 130,938 shares of the company’s stock, valued at approximately $10,789,000. Invesco S&P 500 High Beta ETF makes up approximately 4.3% of Sykon Capital LLC’s holdings, making the stock its 8th largest holding. Sykon Capital LLC owned approximately 1.51% of Invesco S&P 500 High Beta ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geneos Wealth Management Inc. boosted its stake in shares of Invesco S&P 500 High Beta ETF by 629.6% in the 4th quarter. Geneos Wealth Management Inc. now owns 912 shares of the company’s stock valued at $75,000 after purchasing an additional 787 shares in the last quarter. CWM LLC boosted its stake in shares of Invesco S&P 500 High Beta ETF by 33.2% in the 4th quarter. CWM LLC now owns 1,595 shares of the company’s stock valued at $131,000 after purchasing an additional 398 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new stake in shares of Invesco S&P 500 High Beta ETF in the 4th quarter valued at $224,000. Vigilare Wealth Management purchased a new stake in shares of Invesco S&P 500 High Beta ETF in the 4th quarter valued at $252,000. Finally, Private Advisory Group LLC purchased a new stake in shares of Invesco S&P 500 High Beta ETF in the 3rd quarter valued at $237,000.

Invesco S&P 500 High Beta ETF Stock Up 1.0 %

Shares of Invesco S&P 500 High Beta ETF stock traded up $0.79 during trading on Friday, reaching $82.67. The company’s stock had a trading volume of 544,936 shares, compared to its average volume of 673,353. Invesco S&P 500 High Beta ETF has a 52-week low of $63.15 and a 52-week high of $88.09. The company has a market cap of $586.96 million, a price-to-earnings ratio of 22.23 and a beta of 1.48. The firm’s 50-day moving average is $84.20 and its two-hundred day moving average is $79.20.

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.