Fortune Financial Group Inc. bought a new position in Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD – Free Report) in the 4th quarter, HoldingsChannel reports. The fund bought 68,037 shares of the company’s stock, valued at approximately $3,266,000. Invesco S&P 500 High Dividend Low Volatility ETF accounts for about 3.3% of Fortune Financial Group Inc.’s holdings, making the stock its 7th largest holding.
Several other institutional investors and hedge funds have also recently bought and sold shares of SPHD. Horizon Investments LLC bought a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF during the third quarter valued at about $44,000. Bessemer Group Inc. raised its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 118.1% during the third quarter. Bessemer Group Inc. now owns 1,154 shares of the company’s stock valued at $57,000 after purchasing an additional 625 shares in the last quarter. MAI Capital Management raised its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 89.9% during the third quarter. MAI Capital Management now owns 1,223 shares of the company’s stock valued at $60,000 after purchasing an additional 579 shares in the last quarter. Pin Oak Investment Advisors Inc. bought a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF during the third quarter valued at about $68,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF during the fourth quarter valued at about $81,000.
Invesco S&P 500 High Dividend Low Volatility ETF Stock Up 0.9%
Shares of NYSEARCA SPHD opened at $50.97 on Thursday. Invesco S&P 500 High Dividend Low Volatility ETF has a fifty-two week low of $46.58 and a fifty-two week high of $53.07. The firm’s 50-day simple moving average is $49.76 and its 200 day simple moving average is $49.68. The stock has a market cap of $3.36 billion, a P/E ratio of 15.77 and a beta of 0.61.
About Invesco S&P 500 High Dividend Low Volatility ETF
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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Want to see what other hedge funds are holding SPHD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD – Free Report).
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