Avantax Advisory Services Inc. Boosts Holdings in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)

Avantax Advisory Services Inc. lifted its stake in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 240.5% in the 4th quarter, HoldingsChannel reports. The firm owned 45,297 shares of the company’s stock after buying an additional 31,993 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Invesco S&P 500 High Beta ETF were worth $4,016,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Chicago Wealth Management Inc. increased its stake in shares of Invesco S&P 500 High Beta ETF by 64.2% in the 4th quarter. Chicago Wealth Management Inc. now owns 14,494 shares of the company’s stock worth $1,285,000 after acquiring an additional 5,665 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Invesco S&P 500 High Beta ETF in the 4th quarter worth about $17,090,000. Proficio Capital Partners LLC bought a new position in shares of Invesco S&P 500 High Beta ETF in the 4th quarter worth about $1,281,000. Jones Financial Companies Lllp increased its stake in shares of Invesco S&P 500 High Beta ETF by 418.2% in the 4th quarter. Jones Financial Companies Lllp now owns 4,757 shares of the company’s stock worth $422,000 after acquiring an additional 3,839 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in shares of Invesco S&P 500 High Beta ETF by 22.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 2,752 shares of the company’s stock worth $244,000 after acquiring an additional 509 shares in the last quarter.

Invesco S&P 500 High Beta ETF Price Performance

Shares of Invesco S&P 500 High Beta ETF stock opened at $81.36 on Friday. The company has a 50-day moving average of $89.41 and a 200 day moving average of $89.41. The firm has a market cap of $263.61 million, a price-to-earnings ratio of 23.63 and a beta of 1.52. Invesco S&P 500 High Beta ETF has a 1 year low of $75.86 and a 1 year high of $96.15.

About Invesco S&P 500 High Beta ETF

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.