Seros Financial LLC Makes New Investment in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)

Seros Financial LLC bought a new stake in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,297 shares of the company’s stock, valued at approximately $870,000. Invesco S&P 500 High Beta ETF comprises about 0.8% of Seros Financial LLC’s investment portfolio, making the stock its 24th biggest holding. Seros Financial LLC owned approximately 0.15% of Invesco S&P 500 High Beta ETF at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SPHB. Bank of Montreal Can raised its stake 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 valued at $742,000 after acquiring an additional 1,902 shares during the period. Millennium Management LLC purchased a new stake in shares of Invesco S&P 500 High Beta ETF during the 2nd quarter valued at approximately $3,965,000. Chicago Wealth Management Inc. boosted its holdings in 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 worth $543,000 after buying an additional 3,656 shares during the period. Cetera Investment Advisers grew its stake in Invesco S&P 500 High Beta ETF by 10.7% in the 2nd quarter. Cetera Investment Advisers now owns 12,349 shares of the company’s stock valued at $1,043,000 after buying an additional 1,193 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in Invesco S&P 500 High Beta ETF during the 2nd quarter valued at $682,000.

Invesco S&P 500 High Beta ETF Stock Performance

Shares of NYSEARCA SPHB opened at $95.21 on Friday. Invesco S&P 500 High Beta ETF has a fifty-two week low of $75.86 and a fifty-two week high of $96.05. The stock has a market cap of $675.99 million, a PE ratio of 22.23 and a beta of 1.48. The stock has a fifty day moving average of $91.62 and a 200-day moving average of $88.36.

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.