LPL Financial LLC Sells 52,510 Shares of Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG)

LPL Financial LLC decreased its position in Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) by 32.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 109,396 shares of the company’s stock after selling 52,510 shares during the period. LPL Financial LLC owned about 3.71% of Invesco S&P 500 Downside Hedged ETF worth $3,991,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in PHDG. Kovitz Investment Group Partners LLC purchased a new stake in Invesco S&P 500 Downside Hedged ETF in the fourth quarter worth $3,538,000. Envestnet Asset Management Inc. raised its position in shares of Invesco S&P 500 Downside Hedged ETF by 474.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 46,683 shares of the company’s stock worth $1,703,000 after purchasing an additional 38,559 shares during the last quarter. Congress Park Capital LLC purchased a new position in shares of Invesco S&P 500 Downside Hedged ETF in the 1st quarter worth about $671,000. Grant Private Wealth Management Inc purchased a new position in Invesco S&P 500 Downside Hedged ETF in the 1st quarter worth about $300,000. Finally, Avantax Advisory Services Inc. purchased a new position in Invesco S&P 500 Downside Hedged ETF in the 1st quarter worth about $236,000.

Invesco S&P 500 Downside Hedged ETF Stock Performance

Shares of NYSEARCA:PHDG opened at $36.65 on Friday. Invesco S&P 500 Downside Hedged ETF has a fifty-two week low of $32.85 and a fifty-two week high of $39.40. The firm has a market cap of $87.96 million, a price-to-earnings ratio of 25.93 and a beta of 0.36. The business has a 50-day simple moving average of $35.47 and a two-hundred day simple moving average of $35.63.

Invesco S&P 500 Downside Hedged ETF Company 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.