Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) Reaches New 1-Year High – Here’s What Happened

Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) shares hit a new 52-week high during trading on Friday . The stock traded as high as $51.63 and last traded at $51.6040, with a volume of 158722 shares trading hands. The stock had previously closed at $51.12.

Invesco S&P 500 High Dividend Low Volatility ETF Trading Up 0.8%

The firm has a fifty day moving average of $48.77 and a 200 day moving average of $48.64. The company has a market capitalization of $3.73 billion, a P/E ratio of 15.77 and a beta of 0.72.

Invesco S&P 500 High Dividend Low Volatility ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were issued a $0.2027 dividend. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%.

Hedge Funds Weigh In On Invesco S&P 500 High Dividend Low Volatility ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 65.4% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 12,304 shares of the company’s stock worth $585,000 after purchasing an additional 4,867 shares during the period. D.A. Davidson & CO. grew its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 2.8% in the second quarter. D.A. Davidson & CO. now owns 27,291 shares of the company’s stock worth $1,298,000 after acquiring an additional 733 shares in the last quarter. Franklin Resources Inc. grew its stake in Invesco S&P 500 High Dividend Low Volatility ETF by 5.4% during the 2nd quarter. Franklin Resources Inc. now owns 703,661 shares of the company’s stock worth $33,466,000 after purchasing an additional 36,344 shares in the last quarter. Crescent Grove Advisors LLC increased its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 121.9% during the second quarter. Crescent Grove Advisors LLC now owns 24,268 shares of the company’s stock worth $1,154,000 after buying an additional 13,332 shares during the period. Finally, Global Retirement Partners LLC acquired a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF in the 2nd quarter valued at $787,000.

Invesco S&P 500 High Dividend Low Volatility ETF Company Profile

The Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a dividend-yield-weighted index comprising the least volatile, highest dividend-yielding S&P 500 stocks. SPHD was launched on Oct 18, 2012 and is managed by Invesco.