Avantax Advisory Services Inc. Increases Stock Position in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)

Avantax Advisory Services Inc. raised its position in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 240.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,297 shares of the company’s stock after buying an additional 31,993 shares during the period. Avantax Advisory Services Inc. owned about 0.64% of Invesco S&P 500 High Beta ETF worth $4,016,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in Invesco S&P 500 High Beta ETF during the 4th quarter valued at $17,090,000. Q3 Asset Management purchased a new stake in Invesco S&P 500 High Beta ETF during the 4th quarter valued at $11,242,000. Bank of Montreal Can boosted its position in Invesco S&P 500 High Beta ETF by 448.6% during the 3rd quarter. Bank of Montreal Can now owns 47,903 shares of the company’s stock valued at $4,291,000 after buying an additional 39,171 shares during the period. Capital Investment Advisory Services LLC boosted its position in Invesco S&P 500 High Beta ETF by 5.6% during the 4th quarter. Capital Investment Advisory Services LLC now owns 31,102 shares of the company’s stock valued at $2,757,000 after buying an additional 1,640 shares during the period. Finally, Abound Financial LLC purchased a new stake in Invesco S&P 500 High Beta ETF during the 4th quarter valued at $1,760,000.

Invesco S&P 500 High Beta ETF Stock Up 3.4 %

Shares of SPHB opened at $81.36 on Friday. The stock has a market capitalization of $263.61 million, a P/E ratio of 23.63 and a beta of 1.52. The firm has a fifty day simple moving average of $89.41 and a two-hundred day simple moving average of $89.41. Invesco S&P 500 High Beta ETF has a twelve month low of $75.86 and a twelve month 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.