Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Sees Strong Trading Volume – What’s Next?

Shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) saw an uptick in trading volume on Thursday . 167,949 shares were traded during trading, a decline of 34% from the previous session’s volume of 255,536 shares.The stock last traded at $94.21 and had previously closed at $94.81.

Invesco S&P 500 High Beta ETF Stock Performance

The firm’s 50-day simple moving average is $91.62 and its two-hundred day simple moving average is $88.36. The stock has a market cap of $674.30 million, a price-to-earnings ratio of 22.23 and a beta of 1.48.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SPHB. Bank of Montreal Can lifted its stake in shares of Invesco S&P 500 High Beta ETF by 448.6% during the third quarter. Bank of Montreal Can now owns 47,903 shares of the company’s stock valued at $4,291,000 after acquiring an additional 39,171 shares during the period. Millennium Management LLC bought a new stake in Invesco S&P 500 High Beta ETF during the 2nd quarter worth about $3,965,000. Cetera Investment Advisers raised its stake 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 worth $1,043,000 after buying an additional 1,193 shares during the last quarter. Flow Traders U.S. LLC boosted its stake in Invesco S&P 500 High Beta ETF by 17.7% in the third quarter. Flow Traders U.S. LLC now owns 11,915 shares of the company’s stock valued at $1,063,000 after acquiring an additional 1,791 shares during the last quarter. Finally, Seros Financial LLC acquired a new position in shares of Invesco S&P 500 High Beta ETF in the 4th quarter valued at $870,000.

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.