Asset Allocation Strategies LLC Has $3.87 Million Stock Position in Invesco S&P 500 Downside Hedged ETF $PHDG

Asset Allocation Strategies LLC lowered its stake in Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) by 51.5% during the third quarter, Holdings Channel reports. The firm owned 103,841 shares of the company’s stock after selling 110,392 shares during the period. Asset Allocation Strategies LLC owned approximately 0.05% of Invesco S&P 500 Downside Hedged ETF worth $3,867,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PHDG. Grant Private Wealth Management Inc acquired a new stake in Invesco S&P 500 Downside Hedged ETF during the third quarter worth about $366,000. OLD Mission Capital LLC acquired a new stake in shares of Invesco S&P 500 Downside Hedged ETF in the 1st quarter valued at $825,000. Geneos Wealth Management Inc. increased its stake in shares of Invesco S&P 500 Downside Hedged ETF by 2.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 43,098 shares of the company’s stock valued at $1,572,000 after purchasing an additional 1,014 shares during the last quarter. WFA of San Diego LLC bought a new position in shares of Invesco S&P 500 Downside Hedged ETF in the 2nd quarter valued at $1,757,000. Finally, Darwin Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Downside Hedged ETF during the 2nd quarter worth $2,065,000.

Invesco S&P 500 Downside Hedged ETF Trading Down 2.0%

Shares of NYSEARCA PHDG opened at $36.96 on Thursday. The stock has a 50-day moving average price of $37.88 and a two-hundred day moving average price of $36.66. The company has a market cap of $70.22 million, a price-to-earnings ratio of 25.93 and a beta of 0.49. Invesco S&P 500 Downside Hedged ETF has a 12 month low of $32.85 and a 12 month high of $38.98.

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.