Royal Bank of Canada boosted its position in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB – Free Report) by 13.3% during the first quarter, Holdings Channel.com reports. The firm owned 137,049 shares of the company’s stock after buying an additional 16,132 shares during the quarter. Royal Bank of Canada’s holdings in Invesco S&P 500 High Beta ETF were worth $10,726,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC purchased a new position in Invesco S&P 500 High Beta ETF during the fourth quarter worth about $81,000. Barclays PLC purchased a new position in Invesco S&P 500 High Beta ETF during the fourth quarter worth about $115,000. National Bank of Canada FI raised its stake in Invesco S&P 500 High Beta ETF by 526.6% during the first quarter. National Bank of Canada FI now owns 1,529 shares of the company’s stock worth $120,000 after purchasing an additional 1,285 shares during the period. Bank of New York Mellon Corp purchased a new position in Invesco S&P 500 High Beta ETF during the first quarter worth about $373,000. Finally, Gateway Wealth Partners LLC purchased a new position in Invesco S&P 500 High Beta ETF during the first quarter worth about $1,248,000.
Invesco S&P 500 High Beta ETF Price Performance
Shares of SPHB stock opened at $107.91 on Friday. The firm’s 50-day moving average is $103.07 and its two-hundred day moving average is $90.69. Invesco S&P 500 High Beta ETF has a 12 month low of $64.40 and a 12 month high of $108.11. The company has a market capitalization of $498.54 million, a PE ratio of 20.84 and a beta of 1.49.
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.
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