Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Sees Large Volume Increase – Still a Buy?

Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) saw strong trading volume on Monday . 433,865 shares changed hands during mid-day trading, an increase of 73% from the previous session’s volume of 250,389 shares.The stock last traded at $90.35 and had previously closed at $91.31.

Invesco S&P 500 High Beta ETF Stock Performance

The firm has a market cap of $649.51 million, a PE ratio of 22.23 and a beta of 1.48. The firm has a fifty day simple moving average of $91.77 and a two-hundred day simple moving average of $88.65.

Institutional Trading of Invesco S&P 500 High Beta ETF

Institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can raised its position in Invesco S&P 500 High Beta ETF by 27.8% in the 2nd quarter. Bank of Montreal Can now owns 8,732 shares of the company’s stock worth $742,000 after purchasing an additional 1,902 shares during the period. Millennium Management LLC purchased a new stake in Invesco S&P 500 High Beta ETF in the 2nd quarter valued at about $3,965,000. Cetera Investment Advisers raised its stake in shares of Invesco S&P 500 High Beta ETF by 10.7% during the second quarter. Cetera Investment Advisers now owns 12,349 shares of the company’s stock valued at $1,043,000 after acquiring an additional 1,193 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Invesco S&P 500 High Beta ETF during the 2nd quarter valued at $682,000. Finally, Vontobel Holding Ltd. bought a new stake in shares of Invesco S&P 500 High Beta ETF in the third quarter valued at about $217,000.

Invesco S&P 500 High Beta ETF Company 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.