Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Stake Reduced by Assetmark Inc.

Assetmark Inc. lowered its stake in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 99.9% during the third quarter, HoldingsChannel reports. The firm owned 1,188 shares of the company’s stock after selling 1,138,296 shares during the period. Assetmark Inc.’s holdings in Invesco S&P 500 High Beta ETF were worth $106,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Cetera Investment Advisers grew its stake in Invesco S&P 500 High Beta ETF by 10.7% during the 2nd 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. Jane Street Group LLC grew its stake in shares of Invesco S&P 500 High Beta ETF by 33.4% in the 1st quarter. Jane Street Group LLC now owns 106,251 shares of the company’s stock valued at $9,322,000 after buying an additional 26,614 shares in the last quarter. Chicago Wealth Management Inc. grew its stake in shares of 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 valued at $543,000 after buying an additional 3,656 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in Invesco S&P 500 High Beta ETF by 60.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 16,383 shares of the company’s stock worth $1,384,000 after purchasing an additional 6,174 shares during the last quarter. Finally, Hanlon Investment Management Inc. lifted its holdings in Invesco S&P 500 High Beta ETF by 11.8% in the 2nd quarter. Hanlon Investment Management Inc. now owns 4,876 shares of the company’s stock worth $412,000 after purchasing an additional 514 shares during the last quarter.

Invesco S&P 500 High Beta ETF Stock Performance

SPHB opened at $88.23 on Monday. The business has a 50 day moving average price of $88.63 and a 200 day moving average price of $85.77. Invesco S&P 500 High Beta ETF has a twelve month low of $70.85 and a twelve month high of $92.50. The firm has a market cap of $626.43 million, a P/E ratio of 22.23 and a beta of 1.48.

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.