Oppenheimer Asset Management Inc. Sells 859 Shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)

Oppenheimer Asset Management Inc. decreased its holdings in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 11.8% in the third quarter, HoldingsChannel.com reports. The fund owned 6,402 shares of the company’s stock after selling 859 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Invesco S&P 500 High Beta ETF were worth $571,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SPHB. Hanlon Investment Management Inc. raised its stake in Invesco S&P 500 High Beta ETF by 11.8% in the second quarter. Hanlon Investment Management Inc. now owns 4,876 shares of the company’s stock worth $412,000 after buying an additional 514 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Invesco S&P 500 High Beta ETF in the 2nd quarter valued at approximately $74,000. Cetera Investment Advisers boosted its position in shares of Invesco S&P 500 High Beta ETF by 10.7% during the second quarter. Cetera Investment Advisers now owns 12,349 shares of the company’s stock valued at $1,043,000 after purchasing an additional 1,193 shares in the last quarter. Aveo Capital Partners LLC grew its stake in Invesco S&P 500 High Beta ETF by 4.3% in the second quarter. Aveo Capital Partners LLC now owns 45,240 shares of the company’s stock worth $3,821,000 after purchasing an additional 1,885 shares during the period. Finally, Bank of Montreal Can grew its stake in Invesco S&P 500 High Beta ETF by 27.8% in the second quarter. Bank of Montreal Can now owns 8,732 shares of the company’s stock worth $742,000 after purchasing an additional 1,902 shares during the period.

Invesco S&P 500 High Beta ETF Trading Up 1.0 %

Shares of Invesco S&P 500 High Beta ETF stock opened at $89.88 on Wednesday. The business has a fifty day simple moving average of $88.79 and a two-hundred day simple moving average of $85.86. The firm has a market capitalization of $638.15 million, a P/E ratio of 22.23 and a beta of 1.48. Invesco S&P 500 High Beta ETF has a 12 month low of $71.53 and a 12 month high of $92.50.

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.