LM Advisors LLC Trims Position in Invesco S&P 500 High Dividend Low Volatility ETF $SPHD

LM Advisors LLC trimmed its holdings in Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) by 95.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,740 shares of the company’s stock after selling 53,863 shares during the period. LM Advisors LLC’s holdings in Invesco S&P 500 High Dividend Low Volatility ETF were worth $132,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SPHD. Horizon Investments LLC purchased a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF in the third quarter valued at about $44,000. Bessemer Group Inc. raised its holdings in Invesco S&P 500 High Dividend Low Volatility ETF by 118.1% during the third quarter. Bessemer Group Inc. now owns 1,154 shares of the company’s stock worth $57,000 after purchasing an additional 625 shares in the last quarter. MAI Capital Management raised its holdings in Invesco S&P 500 High Dividend Low Volatility ETF by 89.9% during the third quarter. MAI Capital Management now owns 1,223 shares of the company’s stock worth $60,000 after purchasing an additional 579 shares in the last quarter. Pin Oak Investment Advisors Inc. purchased a new position in Invesco S&P 500 High Dividend Low Volatility ETF during the third quarter worth about $68,000. Finally, Intesa Sanpaolo Wealth Management purchased a new position in Invesco S&P 500 High Dividend Low Volatility ETF during the fourth quarter worth about $79,000.

Invesco S&P 500 High Dividend Low Volatility ETF Stock Up 1.1%

NYSEARCA SPHD opened at $51.59 on Friday. The stock has a market capitalization of $3.40 billion, a P/E ratio of 15.77 and a beta of 0.61. Invesco S&P 500 High Dividend Low Volatility ETF has a 52-week low of $46.58 and a 52-week high of $53.07. The firm has a 50-day moving average price of $49.83 and a 200 day moving average price of $49.71.

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.