Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Sees Strong Trading Volume – Here’s Why

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) saw unusually-high trading volume on Friday . Approximately 151,082 shares traded hands during trading, a decline of 32% from the previous session’s volume of 222,988 shares.The stock last traded at $89.37 and had previously closed at $90.26.

Invesco S&P 500 High Beta ETF Stock Down 1.4 %

The firm has a fifty day moving average price of $91.45 and a 200-day moving average price of $87.96. The firm has a market cap of $631.97 million, a price-to-earnings ratio of 22.23 and a beta of 1.48.

Institutional Investors Weigh In On Invesco S&P 500 High Beta ETF

Several hedge funds have recently modified their holdings of the stock. National Bank of Canada FI purchased a new position in shares of Invesco S&P 500 High Beta ETF in the 3rd quarter worth about $91,000. HBW Advisory Services LLC acquired a new position in Invesco S&P 500 High Beta ETF during the fourth quarter valued at approximately $214,000. Vontobel Holding Ltd. purchased a new stake in Invesco S&P 500 High Beta ETF during the third quarter worth approximately $217,000. Plotkin Financial Advisors LLC acquired a new stake in shares of Invesco S&P 500 High Beta ETF in the third quarter worth $454,000. Finally, Chicago Wealth Management Inc. raised its stake in shares of Invesco S&P 500 High Beta ETF by 131.6% in the 2nd quarter. Chicago Wealth Management Inc. now owns 6,435 shares of the company’s stock valued at $543,000 after acquiring an additional 3,656 shares during the period.

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.