Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) Sets New 12-Month High – What’s Next?

Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $53.98 and last traded at $53.97, with a volume of 188228 shares trading hands. The stock had previously closed at $52.88.

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

The company has a market cap of $3.43 billion, a price-to-earnings ratio of 15.77 and a beta of 0.61. The company’s 50-day moving average is $51.19 and its 200 day moving average is $50.56.

Institutional Investors Weigh In On Invesco S&P 500 High Dividend Low Volatility ETF

A number of institutional investors have recently modified their holdings of the business. Brookstone Capital Management raised its holdings in Invesco S&P 500 High Dividend Low Volatility ETF by 1,677.3% in the 1st quarter. Brookstone Capital Management now owns 2,113,628 shares of the company’s stock worth $104,857,000 after purchasing an additional 1,994,704 shares during the period. Bank of America Corp DE grew its holdings in Invesco S&P 500 High Dividend Low Volatility ETF by 2.5% in the first quarter. Bank of America Corp DE now owns 1,317,728 shares of the company’s stock valued at $65,372,000 after purchasing an additional 32,306 shares during the period. Raymond James Financial Inc. increased its position in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 10.3% in the second quarter. Raymond James Financial Inc. now owns 755,806 shares of the company’s stock valued at $35,946,000 after buying an additional 70,284 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 1.8% in the third quarter. Franklin Resources Inc. now owns 716,017 shares of the company’s stock valued at $35,407,000 after buying an additional 12,356 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new position in shares of Invesco S&P 500 High Dividend Low Volatility ETF during the 3rd quarter worth approximately $34,348,000.

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.