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 measures the volatility of the S&P 500 Index, which is made up of 500 large-cap stocks listed on the New York Stock Exchange (NYSE). The Invesco S&P 500 High Beta ETF is designed to provide exposure to the higher volatility stocks within the S&P 500 Index.

On August 17, 2021, the price of the Invesco S&P 500 High Beta ETF hit a new 52-week high at $85.03. This means that the price of the ETF had not been higher in the past 52 weeks. The 52-week high is an important metric used by investors to gauge the performance of an asset over a specific period of time.

It's worth noting that the Invesco S&P 500 High Beta ETF has been performing well in recent months. As of August 17, 2021, the ETF had returned 16.4% year-to-date (YTD), outperforming the broader market. This is likely due to the fact that high-volatility stocks tend to perform better during periods of market uncertainty or volatility.

Overall, the Invesco S&P 500 High Beta ETF is a popular investment option for those looking for exposure to the higher volatility stocks within the S&P 500 Index. The recent 52-week high at $85.03 is an indication of the strong performance of the ETF in recent months.