Focus Partners Advisor Solutions LLC Buys 34,465 Shares of Invesco S&P 500 High Dividend Low Volatility ETF $SPHD

Focus Partners Advisor Solutions LLC boosted its position in shares of Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) by 99.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,096 shares of the company’s stock after purchasing an additional 34,465 shares during the period. Focus Partners Advisor Solutions LLC owned about 0.11% of Invesco S&P 500 High Dividend Low Volatility ETF worth $3,297,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of America Corp DE boosted its position in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 0.3% during the second quarter. Bank of America Corp DE now owns 1,109,919 shares of the company’s stock worth $52,788,000 after buying an additional 3,403 shares during the period. Raymond James Financial Inc. lifted its stake in Invesco S&P 500 High Dividend Low Volatility ETF by 10.3% in the 2nd quarter. Raymond James Financial Inc. now owns 755,806 shares of the company’s stock valued at $35,946,000 after acquiring an additional 70,284 shares in the last quarter. Franklin Resources Inc. boosted its position 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 acquiring an additional 36,344 shares during the last quarter. Avidian Wealth Enterprises LLC grew its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 2.2% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 447,374 shares of the company’s stock worth $22,123,000 after acquiring an additional 9,834 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 22.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 371,209 shares of the company’s stock worth $17,612,000 after acquiring an additional 66,885 shares in the last quarter.

Invesco S&P 500 High Dividend Low Volatility ETF Stock Down 0.2%

Shares of SPHD stock opened at $52.00 on Thursday. The company’s fifty day simple moving average is $50.28 and its 200-day simple moving average is $49.13. The firm has a market cap of $3.76 billion, a PE ratio of 15.77 and a beta of 0.72. Invesco S&P 500 High Dividend Low Volatility ETF has a 12 month low of $43.39 and a 12 month high of $53.07.

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

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were given a dividend of $0.2094 per share. This is a boost from Invesco S&P 500 High Dividend Low Volatility ETF’s previous monthly dividend of $0.20. The ex-dividend date of this dividend was Monday, February 23rd. This represents a c) annualized dividend and a yield of 4.8%.

Invesco S&P 500 High Dividend Low Volatility ETF 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.