Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Sees Large Volume Increase – Here’s Why

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) shares saw unusually-high trading volume on Monday . Approximately 265,153 shares traded hands during trading, an increase of 13% from the previous session’s volume of 235,147 shares.The stock last traded at $89.44 and had previously closed at $90.90.

Invesco S&P 500 High Beta ETF Stock Up 1.6 %

The company’s 50-day moving average is $91.28 and its 200 day moving average is $89.61. The company has a market cap of $303.00 million, a price-to-earnings ratio of 25.57 and a beta of 1.49.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. National Bank of Canada FI acquired a new stake in Invesco S&P 500 High Beta ETF in the 3rd quarter valued at $91,000. Q3 Asset Management acquired a new stake in shares of Invesco S&P 500 High Beta ETF in the fourth quarter valued at about $11,242,000. Bank of Montreal Can increased its stake in shares of Invesco S&P 500 High Beta ETF by 448.6% during the third quarter. Bank of Montreal Can now owns 47,903 shares of the company’s stock worth $4,291,000 after purchasing an additional 39,171 shares in the last quarter. Abound Financial LLC acquired a new position in shares of Invesco S&P 500 High Beta ETF during the 4th quarter worth about $1,760,000. Finally, Boston Financial Mangement LLC purchased a new position in Invesco S&P 500 High Beta ETF in the 4th quarter valued at about $273,000.

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.