Financial Architects Inc Buys Shares of 6,402 Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)

Financial Architects Inc purchased a new position in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,402 shares of the company’s stock, valued at approximately $448,000.

A number of other large investors also recently modified their holdings of SPHB. Ahrens Investment Partners LLC purchased a new stake in Invesco S&P 500 High Beta ETF in the 1st quarter worth approximately $25,000. Headlands Technologies LLC bought a new position in shares of Invesco S&P 500 High Beta ETF in the first quarter worth $39,000. US Bancorp DE purchased a new stake in shares of Invesco S&P 500 High Beta ETF in the first quarter worth $47,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of Invesco S&P 500 High Beta ETF in the first quarter worth $54,000. Finally, PNC Financial Services Group Inc. boosted its stake in Invesco S&P 500 High Beta ETF by 108.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 963 shares of the company’s stock valued at $60,000 after buying an additional 501 shares during the period.

Invesco S&P 500 High Beta ETF Stock Down 1.7 %

Invesco S&P 500 High Beta ETF stock opened at $74.10 on Friday. The business has a 50-day simple moving average of $76.61 and a 200 day simple moving average of $71.87. Invesco S&P 500 High Beta ETF has a 52 week low of $54.60 and a 52 week high of $80.78. The stock has a market cap of $643.19 million, a price-to-earnings ratio of 23.20 and a beta of 1.49.

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.