Abound Financial LLC Purchases New Position in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)

Abound Financial LLC purchased a new stake in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 19,851 shares of the company’s stock, valued at approximately $1,760,000. Invesco S&P 500 High Beta ETF comprises about 0.9% of Abound Financial LLC’s investment portfolio, making the stock its 23rd largest position. Abound Financial LLC owned about 0.28% of Invesco S&P 500 High Beta ETF at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SPHB. National Bank of Canada FI bought a new position in shares of Invesco S&P 500 High Beta ETF in the third quarter worth about $91,000. Q3 Asset Management bought a new position in shares of Invesco S&P 500 High Beta ETF in the fourth quarter worth about $11,242,000. Bank of Montreal Can raised its stake in shares of Invesco S&P 500 High Beta ETF by 448.6% in the third quarter. Bank of Montreal Can now owns 47,903 shares of the company’s stock worth $4,291,000 after acquiring an additional 39,171 shares during the last quarter. Stratos Wealth Advisors LLC raised its stake in shares of Invesco S&P 500 High Beta ETF by 4.2% in the fourth quarter. Stratos Wealth Advisors LLC now owns 5,846 shares of the company’s stock worth $518,000 after acquiring an additional 237 shares during the last quarter. Finally, Capital Investment Advisory Services LLC raised its stake in shares of Invesco S&P 500 High Beta ETF by 5.6% in the fourth quarter. Capital Investment Advisory Services LLC now owns 31,102 shares of the company’s stock worth $2,757,000 after acquiring an additional 1,640 shares during the last quarter.

Invesco S&P 500 High Beta ETF Trading Down 3.4 %

Shares of NYSEARCA SPHB opened at $90.90 on Friday. The company has a market cap of $645.39 million, a PE ratio of 22.23 and a beta of 1.48. The company has a 50-day moving average of $91.47 and a two-hundred day moving average of $89.34. Invesco S&P 500 High Beta ETF has a 1-year low of $75.86 and a 1-year high of $96.15.

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.