3,085 Shares in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Purchased by Boston Financial Mangement LLC

Boston Financial Mangement LLC acquired a new position in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) during the 4th quarter, Holdings Channel reports. The fund acquired 3,085 shares of the company’s stock, valued at approximately $273,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Global Retirement Partners LLC raised its stake in Invesco S&P 500 High Beta ETF by 642.9% in the 4th quarter. Global Retirement Partners LLC now owns 520 shares of the company’s stock valued at $46,000 after purchasing an additional 450 shares during the last quarter. National Bank of Canada FI acquired a new position in Invesco S&P 500 High Beta ETF in the 3rd quarter valued at about $91,000. HBW Advisory Services LLC acquired a new position in Invesco S&P 500 High Beta ETF in the 4th quarter valued at about $214,000. Vontobel Holding Ltd. acquired a new position in Invesco S&P 500 High Beta ETF in the 3rd quarter valued at about $217,000. Finally, Plotkin Financial Advisors LLC acquired a new position in Invesco S&P 500 High Beta ETF in the 3rd quarter valued at about $454,000.

Invesco S&P 500 High Beta ETF Trading Down 1.1 %

Shares of SPHB stock opened at $94.09 on Friday. The firm has a 50-day moving average price of $91.52 and a 200 day moving average price of $89.25. Invesco S&P 500 High Beta ETF has a twelve month low of $75.86 and a twelve month high of $96.15. The company has a market capitalization of $668.04 million, a price-to-earnings ratio of 22.23 and a beta of 1.48.

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.