D.A. Davidson & CO. Sells 4,502 Shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)

D.A. Davidson & CO. lowered its stake in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 22.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 15,253 shares of the company’s stock after selling 4,502 shares during the quarter. D.A. Davidson & CO.’s holdings in Invesco S&P 500 High Beta ETF were worth $1,361,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPHB. Millennium Management LLC purchased a new stake in shares of Invesco S&P 500 High Beta ETF in the second quarter worth $3,965,000. Bank of Montreal Can boosted its stake in Invesco S&P 500 High Beta ETF by 448.6% in the 3rd quarter. Bank of Montreal Can now owns 47,903 shares of the company’s stock worth $4,291,000 after purchasing an additional 39,171 shares in the last quarter. Jane Street Group LLC increased its stake in Invesco S&P 500 High Beta ETF by 33.4% during the 1st quarter. Jane Street Group LLC now owns 106,251 shares of the company’s stock valued at $9,322,000 after purchasing an additional 26,614 shares in the last quarter. Burke & Herbert Bank & Trust Co. bought a new stake in Invesco S&P 500 High Beta ETF during the 2nd quarter valued at about $1,091,000. Finally, Sanctuary Advisors LLC purchased a new position in Invesco S&P 500 High Beta ETF in the second quarter worth about $682,000.

Invesco S&P 500 High Beta ETF Stock Up 0.5 %

NYSEARCA:SPHB opened at $93.09 on Friday. The stock has a market cap of $660.94 million, a price-to-earnings ratio of 22.23 and a beta of 1.48. The company’s 50 day moving average price is $90.04 and its 200-day moving average price is $86.39. Invesco S&P 500 High Beta ETF has a 52 week low of $72.72 and a 52 week high of $94.78.

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.