Oppenheimer Asset Management Inc. Sells 766 Shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)
Oppenheimer Asset Management Inc. lessened its position in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Free Report) by 12.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,636 shares of the company’s stock after selling 766 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Invesco S&P 500 High Beta ETF were worth $500,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Q3 Asset Management bought a new position in Invesco S&P 500 High Beta ETF during the fourth quarter valued at approximately $11,242,000. Bank of Montreal Can increased its stake in shares of Invesco S&P 500 High Beta ETF by 448.6% in the third quarter. Bank of Montreal Can now owns 47,903 shares of the company’s stock worth $4,291,000 after purchasing an additional 39,171 shares in the last quarter. Abound Financial LLC purchased a new stake in shares of Invesco S&P 500 High Beta ETF in the fourth quarter worth $1,760,000. Seros Financial LLC purchased a new stake in shares of Invesco S&P 500 High Beta ETF in the fourth quarter worth $870,000. Finally, Plotkin Financial Advisors LLC purchased a new stake in shares of Invesco S&P 500 High Beta ETF in the third quarter worth $454,000.
Invesco S&P 500 High Beta ETF Stock Up 1.9 %
SPHB stock opened at $84.39 on Thursday. Invesco S&P 500 High Beta ETF has a 52 week low of $75.86 and a 52 week high of $96.15. The company has a fifty day simple moving average of $90.72 and a two-hundred day simple moving average of $89.67. The firm has a market capitalization of $286.08 million, a P/E ratio of 25.57 and a beta of 1.49.
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.
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