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, which consists of stocks from the S&P 500 index with higher volatility. The ETF is listed on the New York Stock Exchange under the ticker symbol NYSEARCASPHB.

On Friday, the share price of Invesco S&P 500 High Beta ETF NYSEARCASPHB hit a new 52-week high during trading, reaching $85.03. This means that the stock had not traded at or above this price for the past 52 weeks. The last trade of the day was at $85.02, with a volume of 265,020 shares trading hands.

It's worth noting that the stock had previously closed at $84.33, indicating that it had increased in value during the trading session on Friday. The reason for this increase is not clear from the given information, but it could be due to a variety of factors such as positive news about the company or the broader market, increased demand for the ETF, or simply a random fluctuation in stock prices.

Overall, the Invesco S&P 500 High Beta ETF NYSEARCASPHB is an investment vehicle that tracks the performance of the S&P 500 High Beta Index and offers exposure to stocks with higher volatility. The stock's recent increase in value could be due to a variety of factors, but it's important for investors to carefully consider their investment goals and risk tolerance before making any decisions about buying or selling this or any other stock.