Wealth Quarterback LLC Reduces Stake in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)

Wealth Quarterback LLC trimmed its holdings in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 10.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,443 shares of the company’s stock after selling 7,775 shares during the period. Invesco S&P 500 High Beta ETF comprises about 4.0% of Wealth Quarterback LLC’s portfolio, making the stock its 8th largest position. Wealth Quarterback LLC owned approximately 0.75% of Invesco S&P 500 High Beta ETF worth $4,718,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Ritter Daniher Financial Advisory LLC DE purchased a new stake in shares of Invesco S&P 500 High Beta ETF during the first quarter valued at about $119,000. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Invesco S&P 500 High Beta ETF during the first quarter valued at about $289,000. Envestnet Asset Management Inc. lifted its position in shares of Invesco S&P 500 High Beta ETF by 1.5% during the first quarter. Envestnet Asset Management Inc. now owns 31,188 shares of the company’s stock valued at $2,182,000 after buying an additional 450 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Invesco S&P 500 High Beta ETF by 63.4% during the first quarter. Commonwealth Equity Services LLC now owns 16,074 shares of the company’s stock valued at $1,124,000 after buying an additional 6,235 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new stake in shares of Invesco S&P 500 High Beta ETF during the first quarter valued at about $844,000.

Invesco S&P 500 High Beta ETF Stock Up 0.5 %

Shares of Invesco S&P 500 High Beta ETF stock traded up $0.41 during midday trading on Monday, hitting $76.44. The company had a trading volume of 379,000 shares, compared to its average volume of 617,442. The stock has a market cap of $663.50 million, a price-to-earnings ratio of 23.20 and a beta of 1.49. The company has a fifty day simple moving average of $76.54 and a 200 day simple moving average of $71.79. Invesco S&P 500 High Beta ETF has a 12-month low of $54.60 and a 12-month high of $80.78.

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.