Invesco S&P 500 Downside Hedged ETF $PHDG Stake Cut by Patten Group Inc.

Patten Group Inc. cut its holdings in shares of Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) by 69.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,586 shares of the company’s stock after selling 59,465 shares during the quarter. Patten Group Inc. owned 1.40% of Invesco S&P 500 Downside Hedged ETF worth $990,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Blueprint Financial Advisors LLC purchased a new stake in shares of Invesco S&P 500 Downside Hedged ETF in the second quarter worth approximately $3,008,000. Geneos Wealth Management Inc. grew its position in Invesco S&P 500 Downside Hedged ETF by 112.8% during the second quarter. Geneos Wealth Management Inc. now owns 91,696 shares of the company’s stock valued at $3,236,000 after purchasing an additional 48,598 shares in the last quarter. Blueprint Investment Partners LLC acquired a new position in Invesco S&P 500 Downside Hedged ETF in the 2nd quarter valued at approximately $2,952,000. Darwin Wealth Management LLC acquired a new position in Invesco S&P 500 Downside Hedged ETF in the 2nd quarter valued at approximately $2,065,000. Finally, WFA of San Diego LLC purchased a new stake in Invesco S&P 500 Downside Hedged ETF in the 2nd quarter worth approximately $1,757,000.

Invesco S&P 500 Downside Hedged ETF Stock Up 0.2%

Shares of NYSEARCA:PHDG opened at $38.02 on Tuesday. The firm has a fifty day moving average of $37.80 and a two-hundred day moving average of $37.53. The firm has a market capitalization of $66.54 million, a P/E ratio of 25.93 and a beta of 0.49. Invesco S&P 500 Downside Hedged ETF has a 12-month low of $32.85 and a 12-month high of $38.46.

About Invesco S&P 500 Downside Hedged ETF

The Invesco S&P 500 Downside Hedged ETF (PHDG) is an exchange-traded fund that is based on the S&P 500 Dynamic VEQTOR index. The fund is an actively-managed ETF that allocates its portfolio between S&P 500 equities, VIX Index futures and cash. PHDG was launched on Dec 6, 2012 and is managed by Invesco.