Invesco S&P 500 High Beta ETF (NYSEARCA:SPHB) Hits New 52-Week High at $85.03

The Invesco S&P 500 High Beta ETF (NYSEARCASPHB) is a type of exchange-traded fund (ETF) that tracks the performance of the S&P 500 High Beta Index. This index consists of the highest beta stocks in the S&P 500 Index, which measures the volatility of the broader stock market.

The ETF is designed to provide exposure to a subset of the S&P 500 Index that has historically exhibited higher levels of volatility than the overall index. This can be attractive to investors who are seeking to potentially capture higher returns, but are also willing to accept greater risk.

On August 17, 2021, the Invesco S&P 500 High Beta ETF hit a new 52-week high of $85.03 per share. This means that the price of the ETF has increased by more than 10% since its previous 52-week high, which occurred on July 7, 2021 at $76.49 per share.

It's worth noting that while the Invesco S&P 500 High Beta ETF has performed well in recent months, it is important for investors to carefully consider their investment objectives and risk tolerance before making any decisions about buying or selling this or any other security. Additionally, past performance is not a guarantee of future results, so it's important to do your own research and due diligence before investing.