Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) Shares Down 0.2% – Here’s Why

Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) was down 0.2% during mid-day trading on Thursday. The company traded as low as $47.69 and last traded at $48.08. 1,286,159 shares traded hands during trading, an increase of 48% from the average daily volume of 868,208 shares. The stock had previously closed at $48.18.

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

The firm has a 50-day moving average price of $51.80 and a 200-day moving average price of $50.82. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 15.77 and a beta of 0.61.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Brookstone Capital Management raised its position in Invesco S&P 500 High Dividend Low Volatility ETF by 1,677.3% in the first quarter. Brookstone Capital Management now owns 2,113,628 shares of the company’s stock worth $104,857,000 after acquiring an additional 1,994,704 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 2.5% in the 1st quarter. Bank of America Corp DE now owns 1,317,728 shares of the company’s stock worth $65,372,000 after purchasing an additional 32,306 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 12.1% in the 1st quarter. Private Advisor Group LLC now owns 362,812 shares of the company’s stock worth $17,999,000 after purchasing an additional 39,223 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 2.7% in the 1st quarter. Cetera Investment Advisers now owns 265,749 shares of the company’s stock worth $13,184,000 after purchasing an additional 7,070 shares in the last quarter. Finally, XML Financial LLC raised its holdings in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 3.6% in the 2nd quarter. XML Financial LLC now owns 232,722 shares of the company’s stock worth $11,832,000 after purchasing an additional 8,031 shares in the last quarter.

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.