Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) Hits New 1-Year High at $50.65

Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $50.65 and last traded at $50.60, with a volume of 302318 shares. The stock had previously closed at $50.08.

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

The stock’s fifty day moving average is $48.54 and its 200-day moving average is $45.70. The stock has a market capitalization of $3.37 billion, a PE ratio of 17.13 and a beta of 0.64.

Hedge Funds Weigh In On Invesco S&P 500 High Dividend Low Volatility ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC purchased a new position in Invesco S&P 500 High Dividend Low Volatility ETF during the second quarter valued at $3,732,000. New Wave Wealth Advisors LLC purchased a new position in Invesco S&P 500 High Dividend Low Volatility ETF during the second quarter valued at $1,101,000. IMS Capital Management lifted its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 1.6% in the second quarter. IMS Capital Management now owns 21,033 shares of the company’s stock worth $1,015,000 after buying an additional 326 shares in the last quarter. Sunbelt Securities Inc. lifted its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 3.3% in the second quarter. Sunbelt Securities Inc. now owns 10,740 shares of the company’s stock worth $477,000 after buying an additional 343 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 26.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 25,984 shares of the company’s stock worth $1,154,000 after buying an additional 5,512 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.