Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) Reaches New 12-Month High – Still a Buy?

Shares of Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) hit a new 52-week high during trading on Wednesday . The stock traded as high as $53.07 and last traded at $52.19, with a volume of 1144537 shares traded. The stock had previously closed at $52.63.

Invesco S&P 500 High Dividend Low Volatility ETF Price Performance

The stock’s 50 day simple moving average is $49.63 and its two-hundred day simple moving average is $48.91. The stock has a market capitalization of $3.80 billion, a PE ratio of 15.77 and a beta of 0.72.

Invesco S&P 500 High Dividend Low Volatility ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were issued a dividend of $0.2027 per share. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Tuesday, January 20th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SPHD. &PARTNERS increased its position in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 1.7% during the fourth quarter. &PARTNERS now owns 11,531 shares of the company’s stock valued at $553,000 after buying an additional 197 shares during the period. Colonial River Investments LLC boosted its position in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 0.7% in the fourth quarter. Colonial River Investments LLC now owns 30,901 shares of the company’s stock valued at $1,483,000 after acquiring an additional 201 shares during the period. Code Waechter LLC boosted its position in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 1.1% in the third quarter. Code Waechter LLC now owns 18,361 shares of the company’s stock valued at $893,000 after acquiring an additional 206 shares during the period. Washington Trust Bank grew its stake in Invesco S&P 500 High Dividend Low Volatility ETF by 0.5% during the second quarter. Washington Trust Bank now owns 39,746 shares of the company’s stock valued at $1,890,000 after acquiring an additional 210 shares in the last quarter. Finally, Prairie Wealth Advisors Inc. increased its holdings in Invesco S&P 500 High Dividend Low Volatility ETF by 2.8% during the 3rd quarter. Prairie Wealth Advisors Inc. now owns 7,829 shares of the company’s stock worth $387,000 after acquiring an additional 215 shares during the period.

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.