Financial Discovery Group Inc. purchased a new position in shares of Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 22,839 shares of the company’s stock, valued at approximately $1,133,000. Invesco S&P 500 High Dividend Low Volatility ETF accounts for about 2.6% of Financial Discovery Group Inc.’s investment portfolio, making the stock its 11th largest position.
A number of other hedge funds also recently made changes to their positions in the stock. Global Assets Advisory LLC purchased a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF during the 1st quarter valued at $39,000. Nalls Sherbakoff Group LLC purchased a new position in shares of Invesco S&P 500 High Dividend Low Volatility ETF in the 4th quarter worth $41,000. Horizon Investments LLC purchased a new position in shares of Invesco S&P 500 High Dividend Low Volatility ETF in the 3rd quarter worth $44,000. Pin Oak Investment Advisors Inc. acquired a new position in Invesco S&P 500 High Dividend Low Volatility ETF in the third quarter valued at $68,000. Finally, Intesa Sanpaolo Wealth Management acquired a new position in Invesco S&P 500 High Dividend Low Volatility ETF in the fourth quarter valued at $79,000.
Invesco S&P 500 High Dividend Low Volatility ETF Trading Down 0.6%
SPHD stock opened at $52.87 on Friday. The company has a market cap of $3.36 billion, a PE ratio of 15.77 and a beta of 0.61. The stock has a 50-day moving average price of $50.70 and a two-hundred day moving average price of $50.28. Invesco S&P 500 High Dividend Low Volatility ETF has a 12-month low of $46.58 and a 12-month high of $53.96.
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.
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