Runnymede Capital Advisors Inc. Makes New Investment in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)

Runnymede Capital Advisors Inc. bought a new position in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) during the 4th quarter, HoldingsChannel.com reports. The fund bought 526 shares of the company’s stock, valued at approximately $47,000.

Several other hedge funds have also recently modified their holdings of SPHB. Bank of Montreal Can lifted its position in shares of 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 worth $4,291,000 after buying an additional 39,171 shares in the last quarter. Flow Traders U.S. LLC lifted its position in shares of Invesco S&P 500 High Beta ETF by 17.7% during the 3rd quarter. Flow Traders U.S. LLC now owns 11,915 shares of the company’s stock worth $1,063,000 after buying an additional 1,791 shares in the last quarter. Plotkin Financial Advisors LLC bought a new position in shares of Invesco S&P 500 High Beta ETF during the 3rd quarter worth approximately $454,000. IHT Wealth Management LLC lifted its position in shares of Invesco S&P 500 High Beta ETF by 79.0% during the 3rd quarter. IHT Wealth Management LLC now owns 8,823 shares of the company’s stock worth $781,000 after buying an additional 3,894 shares in the last quarter. Finally, National Bank of Canada FI bought a new position in shares of Invesco S&P 500 High Beta ETF during the 3rd quarter worth approximately $91,000.

Invesco S&P 500 High Beta ETF Trading Down 0.1 %

NYSEARCA:SPHB opened at $82.12 on Friday. The stock has a market capitalization of $266.07 million, a PE ratio of 23.63 and a beta of 1.52. The firm’s 50 day moving average is $88.58 and its 200 day moving average is $89.32. Invesco S&P 500 High Beta ETF has a 12 month low of $75.86 and a 12 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.