Oppenheimer Asset Management Inc. reduced its position in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Free Report) by 48.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,815 shares of the company’s stock after selling 10,173 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.12% of Invesco S&P 500 High Beta ETF worth $757,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE raised its stake in Invesco S&P 500 High Beta ETF by 187.3% during the 4th quarter. Bank of America Corp DE now owns 831,330 shares of the company’s stock worth $51,817,000 after buying an additional 541,988 shares during the period. LPL Financial LLC raised its stake in shares of Invesco S&P 500 High Beta ETF by 103.4% in the first quarter. LPL Financial LLC now owns 788,690 shares of the company’s stock worth $55,177,000 after purchasing an additional 400,896 shares during the last quarter. WJ Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 High Beta ETF in the first quarter worth approximately $8,515,000. Jane Street Group LLC raised its stake in shares of Invesco S&P 500 High Beta ETF by 1,011.8% in the second quarter. Jane Street Group LLC now owns 105,819 shares of the company’s stock worth $6,202,000 after purchasing an additional 96,301 shares during the last quarter. Finally, Wealth Quarterback LLC purchased a new stake in shares of Invesco S&P 500 High Beta ETF in the fourth quarter worth approximately $4,688,000.
Invesco S&P 500 High Beta ETF Stock Up 0.6 %
Shares of Invesco S&P 500 High Beta ETF stock opened at $73.05 on Friday. The company has a market cap of $634.07 million, a PE ratio of 23.20 and a beta of 1.49. Invesco S&P 500 High Beta ETF has a 52 week low of $54.60 and a 52 week high of $80.78. The business has a 50 day moving average price of $76.42 and a 200-day moving average price of $71.81.
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.
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