Secure Asset Management LLC Raises Position in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)

Secure Asset Management LLC raised its holdings in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 101.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,787 shares of the company’s stock after buying an additional 2,921 shares during the period. Secure Asset Management LLC owned about 0.08% of Invesco S&P 500 High Beta ETF worth $513,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of Montreal Can boosted its holdings in Invesco S&P 500 High Beta ETF by 448.6% during the 3rd quarter. Bank of Montreal Can now owns 47,903 shares of the company’s stock valued at $4,291,000 after acquiring an additional 39,171 shares during the period. Millennium Management LLC purchased a new stake in shares of Invesco S&P 500 High Beta ETF during the second quarter valued at approximately $3,965,000. Cetera Investment Advisers boosted its stake in shares of Invesco S&P 500 High Beta ETF by 10.7% during the second quarter. Cetera Investment Advisers now owns 12,349 shares of the company’s stock valued at $1,043,000 after purchasing an additional 1,193 shares during the period. Flow Traders U.S. LLC grew its holdings in shares of Invesco S&P 500 High Beta ETF by 17.7% in the third quarter. Flow Traders U.S. LLC now owns 11,915 shares of the company’s stock worth $1,063,000 after purchasing an additional 1,791 shares during the last quarter. Finally, Seros Financial LLC purchased a new position in shares of Invesco S&P 500 High Beta ETF in the fourth quarter worth $870,000.

Invesco S&P 500 High Beta ETF Stock Down 0.7 %

Shares of SPHB opened at $94.50 on Friday. The stock has a market capitalization of $670.95 million, a P/E ratio of 22.23 and a beta of 1.48. Invesco S&P 500 High Beta ETF has a twelve month low of $75.86 and a twelve month high of $96.05. The firm has a fifty day simple moving average of $91.85 and a two-hundred day simple moving average of $88.47.

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.