Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) Sets New 1-Year High – What’s Next?

Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $51.15 and last traded at $51.13, with a volume of 42807 shares traded. The stock had previously closed at $50.87.

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

The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 17.13 and a beta of 0.64. The business’s fifty day simple moving average is $50.23 and its 200 day simple moving average is $47.58.

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

Several large investors have recently added to or reduced their stakes in SPHD. WESPAC Advisors SoCal LLC bought a new position in shares of Invesco S&P 500 High Dividend Low Volatility ETF during the third quarter worth about $13,401,000. Cetera Investment Advisers boosted its position in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 100.8% during the first quarter. Cetera Investment Advisers now owns 190,241 shares of the company’s stock worth $8,447,000 after buying an additional 95,476 shares during the period. Sanctuary Advisors LLC bought a new position in Invesco S&P 500 High Dividend Low Volatility ETF in the 2nd quarter worth approximately $3,732,000. Cetera Advisors LLC increased its position in Invesco S&P 500 High Dividend Low Volatility ETF by 126.1% in the 1st quarter. Cetera Advisors LLC now owns 133,064 shares of the company’s stock valued at $5,908,000 after acquiring an additional 74,219 shares during the period. Finally, Private Advisor Group LLC raised its stake in Invesco S&P 500 High Dividend Low Volatility ETF by 49.5% during the 3rd quarter. Private Advisor Group LLC now owns 176,048 shares of the company’s stock valued at $8,903,000 after acquiring an additional 58,298 shares in the last quarter.

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.