Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its stake in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHBGet Rating) by 80.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,570 shares of the company’s stock after selling 174,557 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.42% of Invesco S&P 500 High Beta ETF worth $3,234,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SPHB. Ballast Inc. acquired a new position in shares of Invesco S&P 500 High Beta ETF during the first quarter worth about $211,000. HB Wealth Management LLC purchased a new stake in Invesco S&P 500 High Beta ETF during the fourth quarter worth approximately $277,000. Prime Capital Investment Advisors LLC purchased a new stake in Invesco S&P 500 High Beta ETF during the fourth quarter worth approximately $326,000. Members Advisory Group LLC purchased a new stake in Invesco S&P 500 High Beta ETF during the fourth quarter worth approximately $351,000. Finally, Simplex Trading LLC purchased a new stake in Invesco S&P 500 High Beta ETF during the first quarter worth approximately $367,000.

Invesco S&P 500 High Beta ETF Stock Performance

SPHB stock opened at $72.23 on Tuesday. The business has a 50 day moving average price of $63.44 and a 200 day moving average price of $68.65. Invesco S&P 500 High Beta ETF has a fifty-two week low of $56.56 and a fifty-two week high of $83.16.

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