Townsquare Capital LLC Buys Shares of 3,992 Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)

Townsquare Capital LLC purchased a new position in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,992 shares of the company’s stock, valued at approximately $354,000. Townsquare Capital LLC owned about 0.06% of Invesco S&P 500 High Beta ETF at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of Invesco S&P 500 High Beta ETF in the 4th quarter worth $17,090,000. Q3 Asset Management purchased a new position in shares of Invesco S&P 500 High Beta ETF in the fourth quarter worth approximately $11,242,000. JPMorgan Chase & Co. grew its position in Invesco S&P 500 High Beta ETF by 28.6% during the fourth quarter. JPMorgan Chase & Co. now owns 59,986 shares of the company’s stock valued at $5,318,000 after buying an additional 13,338 shares during the period. Avantax Advisory Services Inc. increased its holdings in Invesco S&P 500 High Beta ETF by 240.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 45,297 shares of the company’s stock valued at $4,016,000 after buying an additional 31,993 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Invesco S&P 500 High Beta ETF by 17.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 32,866 shares of the company’s stock worth $2,914,000 after acquiring an additional 4,788 shares during the last quarter.

Invesco S&P 500 High Beta ETF Price Performance

NYSEARCA:SPHB opened at $70.72 on Tuesday. The firm has a market capitalization of $326.73 million, a price-to-earnings ratio of 21.58 and a beta of 1.43. The business has a fifty day moving average price of $80.93 and a 200-day moving average price of $87.57. Invesco S&P 500 High Beta ETF has a one year low of $64.40 and a one year high of $96.15.

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.