VitalStone Financial LLC Cuts Stock Position in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)

VitalStone Financial LLC lessened its stake in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 76.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 653 shares of the company’s stock after selling 2,142 shares during the quarter. VitalStone Financial LLC’s holdings in Invesco S&P 500 High Beta ETF were worth $57,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. grew its stake in shares of Invesco S&P 500 High Beta ETF by 3,030.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 220,221 shares of the company’s stock worth $19,322,000 after acquiring an additional 213,186 shares during the last quarter. Sykon Capital LLC acquired a new stake in shares of Invesco S&P 500 High Beta ETF during the fourth quarter worth about $10,789,000. Fischer Investment Strategies LLC acquired a new stake in shares of Invesco S&P 500 High Beta ETF during the fourth quarter worth about $9,000,000. Wealth Quarterback LLC acquired a new stake in shares of Invesco S&P 500 High Beta ETF during the fourth quarter worth about $6,122,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Invesco S&P 500 High Beta ETF during the fourth quarter worth about $5,905,000.

Invesco S&P 500 High Beta ETF Stock Up 1.7 %

Shares of Invesco S&P 500 High Beta ETF stock traded up $1.51 on Friday, reaching $88.78. 121,240 shares of the stock were exchanged, compared to its average volume of 532,263. Invesco S&P 500 High Beta ETF has a twelve month low of $63.15 and a twelve month high of $88.78. The firm has a market capitalization of $630.34 million, a price-to-earnings ratio of 22.23 and a beta of 1.48. The business has a 50 day moving average price of $84.22 and a two-hundred day moving average price of $83.38.

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.