IHT Wealth Management LLC Makes New Investment in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)

IHT Wealth Management LLC purchased a new position in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Get Rating) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 17,799 shares of the company’s stock, valued at approximately $1,021,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its position in shares of Invesco S&P 500 High Beta ETF by 38.0% during the 2nd quarter. Wells Fargo & Company MN now owns 654,603 shares of the company’s stock valued at $38,367,000 after acquiring an additional 180,227 shares in the last quarter. Q3 Asset Management acquired a new stake in shares of Invesco S&P 500 High Beta ETF during the 3rd quarter valued at about $6,175,000. Jane Street Group LLC boosted its position in shares of Invesco S&P 500 High Beta ETF by 1,011.8% during the 2nd quarter. Jane Street Group LLC now owns 105,819 shares of the company’s stock valued at $6,202,000 after acquiring an additional 96,301 shares in the last quarter. HBW Advisory Services LLC acquired a new stake in shares of Invesco S&P 500 High Beta ETF during the 3rd quarter valued at about $2,864,000. Finally, Private Advisor Group LLC boosted its position in shares of Invesco S&P 500 High Beta ETF by 288.3% during the 3rd quarter. Private Advisor Group LLC now owns 45,791 shares of the company’s stock valued at $2,628,000 after acquiring an additional 33,998 shares in the last quarter.

Invesco S&P 500 High Beta ETF Stock Performance

Shares of Invesco S&P 500 High Beta ETF stock opened at $66.32 on Friday. The firm’s 50-day simple moving average is $70.93 and its 200-day simple moving average is $65.80. Invesco S&P 500 High Beta ETF has a twelve month low of $54.60 and a twelve month high of $78.82. The firm has a market cap of $520.61 million, a P/E ratio of 23.20 and a beta of 1.46.

Invesco S&P 500 High Beta ETF Company Profile

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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.