E&G Advisors LP Lowers Stock Holdings in Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB)

E&G Advisors LP cut its holdings in shares of Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) by 4.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,104 shares of the company’s stock after selling 1,267 shares during the quarter. E&G Advisors LP’s holdings in Invesco S&P 500 High Beta ETF were worth $2,329,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Osaic Holdings Inc. grew its stake in shares of Invesco S&P 500 High Beta ETF by 140.0% during the 1st quarter. Osaic Holdings Inc. now owns 117,848 shares of the company’s stock valued at $10,340,000 after buying an additional 68,741 shares during the period. Jane Street Group LLC increased its stake in Invesco S&P 500 High Beta ETF by 33.4% during the first quarter. Jane Street Group LLC now owns 106,251 shares of the company’s stock worth $9,322,000 after acquiring an additional 26,614 shares during the last quarter. Millennium Management LLC purchased a new position in shares of Invesco S&P 500 High Beta ETF in the 2nd quarter worth about $3,965,000. Aveo Capital Partners LLC lifted its stake in shares of Invesco S&P 500 High Beta ETF by 4.3% in the 2nd quarter. Aveo Capital Partners LLC now owns 45,240 shares of the company’s stock valued at $3,821,000 after purchasing an additional 1,885 shares in the last quarter. Finally, Csenge Advisory Group purchased a new stake in shares of Invesco S&P 500 High Beta ETF during the 1st quarter worth about $1,830,000.

Invesco S&P 500 High Beta ETF Stock Performance

NYSEARCA SPHB opened at $90.85 on Friday. The firm has a market capitalization of $645.04 million, a price-to-earnings ratio of 22.23 and a beta of 1.48. Invesco S&P 500 High Beta ETF has a one year low of $63.15 and a one year high of $91.95. The company’s 50 day moving average price is $86.39 and its 200 day moving average price is $84.86.

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.