New Wave Wealth Advisors LLC Acquires New Position in Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD)

New Wave Wealth Advisors LLC purchased a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 24,783 shares of the company’s stock, valued at approximately $1,101,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPHD. IMS Capital Management boosted its holdings in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 1.6% during the 2nd quarter. IMS Capital Management now owns 21,033 shares of the company’s stock valued at $1,015,000 after purchasing an additional 326 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 3.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 10,740 shares of the company’s stock worth $477,000 after acquiring an additional 343 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Invesco S&P 500 High Dividend Low Volatility ETF by 26.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 25,984 shares of the company’s stock valued at $1,154,000 after acquiring an additional 5,512 shares during the last quarter. Creative Planning increased its stake in Invesco S&P 500 High Dividend Low Volatility ETF by 63.2% in the 2nd quarter. Creative Planning now owns 8,486 shares of the company’s stock worth $377,000 after buying an additional 3,285 shares during the period. Finally, Prairie Wealth Advisors Inc. bought a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF during the second quarter valued at approximately $225,000.

Invesco S&P 500 High Dividend Low Volatility ETF Stock Up 0.4 %

Shares of NYSEARCA:SPHD opened at $50.57 on Tuesday. Invesco S&P 500 High Dividend Low Volatility ETF has a 52-week low of $37.19 and a 52-week high of $50.65. The business’s 50 day moving average is $48.70 and its 200 day moving average is $45.83. The stock has a market cap of $3.38 billion, a P/E ratio of 17.13 and a beta of 0.64.

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.