D.A. Davidson & CO. Decreases Stock Position in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)

D.A. Davidson & CO. cut its stake in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 5.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,455 shares of the company’s stock after selling 798 shares during the quarter. D.A. Davidson & CO.’s holdings in Invesco S&P 500 High Beta ETF were worth $1,281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Stratos Wealth Advisors LLC increased its position 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 valued at $518,000 after acquiring an additional 237 shares during the period. National Bank of Canada FI bought a new stake in shares of Invesco S&P 500 High Beta ETF in the third quarter worth about $91,000. Capital Investment Advisory Services LLC increased its holdings in Invesco S&P 500 High Beta ETF by 5.6% during the 4th quarter. Capital Investment Advisory Services LLC now owns 31,102 shares of the company’s stock valued at $2,757,000 after purchasing an additional 1,640 shares during the period. Flow Traders U.S. LLC increased its holdings in Invesco S&P 500 High Beta ETF by 17.7% during the 3rd quarter. Flow Traders U.S. LLC now owns 11,915 shares of the company’s stock valued at $1,063,000 after purchasing an additional 1,791 shares during the period. Finally, HBW Advisory Services LLC bought a new position in Invesco S&P 500 High Beta ETF during the 4th quarter valued at approximately $214,000.

Invesco S&P 500 High Beta ETF Stock Performance

Shares of SPHB stock opened at $90.90 on Monday. Invesco S&P 500 High Beta ETF has a fifty-two week low of $75.86 and a fifty-two week high of $96.15. The firm has a market cap of $645.39 million, a P/E ratio of 22.23 and a beta of 1.48. The business’s 50 day moving average price is $91.47 and its 200-day moving average price is $89.49.

Invesco S&P 500 High Beta ETF Company 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.