Cumberland Partners Ltd Purchases 22,505 Shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)

Cumberland Partners Ltd grew its position in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 76.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,805 shares of the company’s stock after acquiring an additional 22,505 shares during the quarter. Cumberland Partners Ltd owned about 0.60% of Invesco S&P 500 High Beta ETF worth $4,247,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Legacy Financial Strategies LLC boosted its position in shares of Invesco S&P 500 High Beta ETF by 4.2% during the fourth quarter. Legacy Financial Strategies LLC now owns 10,505 shares of the company’s stock valued at $866,000 after buying an additional 420 shares during the last quarter. Capital Investment Advisory Services LLC boosted its position in shares of Invesco S&P 500 High Beta ETF by 6.8% during the fourth quarter. Capital Investment Advisory Services LLC now owns 16,808 shares of the company’s stock valued at $1,385,000 after buying an additional 1,075 shares during the last quarter. CWM LLC boosted its position in shares of Invesco S&P 500 High Beta ETF by 33.2% during the fourth quarter. CWM LLC now owns 1,595 shares of the company’s stock valued at $131,000 after buying an additional 398 shares during the last quarter. Vontobel Holding Ltd. purchased a new position in shares of Invesco S&P 500 High Beta ETF during the fourth quarter valued at approximately $510,000. Finally, Koshinski Asset Management Inc. boosted its position in shares of Invesco S&P 500 High Beta ETF by 83.8% during the fourth quarter. Koshinski Asset Management Inc. now owns 10,064 shares of the company’s stock valued at $829,000 after buying an additional 4,589 shares during the last quarter.

Invesco S&P 500 High Beta ETF Trading Up 1.7 %

Shares of NYSEARCA:SPHB traded up $1.34 during mid-day trading on Tuesday, hitting $82.18. 591,699 shares of the company traded hands, compared to its average volume of 679,004. The stock has a 50-day moving average price of $84.28 and a two-hundred day moving average price of $78.46. Invesco S&P 500 High Beta ETF has a 12-month low of $63.15 and a 12-month high of $88.09. The stock has a market cap of $608.13 million, a P/E ratio of 22.43 and a beta of 1.50.

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.