Brookstone Capital Management Makes New Investment in Invesco S&P 500 High Dividend Low Volatility ETF $SPHD

Brookstone Capital Management acquired a new stake in Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 175,601 shares of the company’s stock, valued at approximately $8,460,000.

Several other hedge funds also recently modified their holdings of the company. Global Assets Advisory LLC purchased a new position in shares of Invesco S&P 500 High Dividend Low Volatility ETF during the first quarter valued at approximately $39,000. Robinswood Financial LLC acquired a new position in Invesco S&P 500 High Dividend Low Volatility ETF in the 1st quarter valued at $47,000. JFS Wealth Advisors LLC acquired a new position in Invesco S&P 500 High Dividend Low Volatility ETF in the 2nd quarter valued at $76,000. Compass Financial Management LLC purchased a new position in shares of Invesco S&P 500 High Dividend Low Volatility ETF during the 2nd quarter worth $148,000. Finally, IFP Advisors Inc lifted its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 8.2% during the 2nd quarter. IFP Advisors Inc now owns 3,110 shares of the company’s stock worth $158,000 after purchasing an additional 235 shares during the period.

Invesco S&P 500 High Dividend Low Volatility ETF Stock Down 0.4%

SPHD stock opened at $51.52 on Friday. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 15.77 and a beta of 0.61. The stock’s fifty day simple moving average is $50.79 and its 200-day simple moving average is $50.84. Invesco S&P 500 High Dividend Low Volatility ETF has a 52-week low of $46.58 and a 52-week high of $54.04.

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.