Ignite Planners LLC Trims Position in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)

Ignite Planners LLC decreased its holdings in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 8.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,564 shares of the company’s stock after selling 312 shares during the quarter. Ignite Planners LLC owned about 0.05% of Invesco S&P 500 High Beta ETF worth $304,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Geneos Wealth Management Inc. raised its holdings in Invesco S&P 500 High Beta ETF by 629.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 912 shares of the company’s stock worth $75,000 after purchasing an additional 787 shares in the last quarter. Global Retirement Partners LLC lifted its position in Invesco S&P 500 High Beta ETF by 4,472.0% during the 1st quarter. Global Retirement Partners LLC now owns 1,143 shares of the company’s stock valued at $100,000 after acquiring an additional 1,118 shares during the period. CWM LLC boosted its stake in Invesco S&P 500 High Beta ETF by 33.2% during the fourth quarter. CWM LLC now owns 1,595 shares of the company’s stock worth $131,000 after acquiring an additional 398 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new stake in Invesco S&P 500 High Beta ETF in the fourth quarter worth about $224,000. Finally, MGB Wealth Management LLC increased its stake in shares of Invesco S&P 500 High Beta ETF by 17.2% during the first quarter. MGB Wealth Management LLC now owns 2,552 shares of the company’s stock valued at $224,000 after purchasing an additional 375 shares in the last quarter.

Invesco S&P 500 High Beta ETF Stock Performance

Shares of SPHB traded up $0.23 during mid-day trading on Friday, reaching $80.64. The company had a trading volume of 338,402 shares, compared to its average volume of 536,304. The company has a market capitalization of $572.54 million, a price-to-earnings ratio of 22.23 and a beta of 1.48. The firm has a 50-day moving average price of $84.51 and a 200 day moving average price of $83.99. Invesco S&P 500 High Beta ETF has a 52 week low of $63.15 and a 52 week high of $90.34.

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.