IFP Advisors Inc Sells 2,076 Shares of Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG)

IFP Advisors Inc trimmed its position in shares of Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) by 63.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,200 shares of the company’s stock after selling 2,076 shares during the quarter. IFP Advisors Inc’s holdings in Invesco S&P 500 Downside Hedged ETF were worth $34,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its holdings in Invesco S&P 500 Downside Hedged ETF by 10.5% in the 1st quarter. International Assets Investment Management LLC now owns 65,950 shares of the company’s stock valued at $2,112,000 after buying an additional 6,290 shares during the period. Sowell Financial Services LLC bought a new position in Invesco S&P 500 Downside Hedged ETF during the first quarter worth about $1,232,000. UBS Group AG boosted its holdings in Invesco S&P 500 Downside Hedged ETF by 5.4% during the first quarter. UBS Group AG now owns 21,769 shares of the company’s stock valued at $787,000 after purchasing an additional 1,122 shares in the last quarter. Atria Wealth Solutions Inc. bought a new stake in shares of Invesco S&P 500 Downside Hedged ETF in the 1st quarter valued at approximately $2,279,000. Finally, Royal Bank of Canada raised its holdings in shares of Invesco S&P 500 Downside Hedged ETF by 8.1% in the 1st quarter. Royal Bank of Canada now owns 13,455 shares of the company’s stock worth $486,000 after buying an additional 1,011 shares in the last quarter.

Invesco S&P 500 Downside Hedged ETF Price Performance

Invesco S&P 500 Downside Hedged ETF stock opened at $32.24 on Monday. The business has a 50 day simple moving average of $31.66 and a 200 day simple moving average of $32.59. The company has a market capitalization of $164.42 million, a PE ratio of 18.44 and a beta of 0.36. Invesco S&P 500 Downside Hedged ETF has a one year low of $30.08 and a one year high of $34.70.

Invesco S&P 500 Downside Hedged ETF Profile

The Invesco S&P 500 Downside Hedged ETF (PHDG) is an exchange-traded fund that is based on the S&P 500 Dynamic VEQTOR index. The fund is an actively-managed ETF that allocates its portfolio between S&P 500 equities, VIX Index futures and cash. PHDG was launched on Dec 6, 2012 and is managed by Invesco.