Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) Reaches New 12-Month High – Here’s Why

Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $52.50 and last traded at $52.41, with a volume of 742728 shares changing hands. The stock had previously closed at $52.07.

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

The company has a market cap of $3.79 billion, a PE ratio of 15.77 and a beta of 0.72. The company has a 50-day moving average price of $49.01 and a two-hundred day moving average price of $48.70.

Invesco S&P 500 High Dividend Low Volatility ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were issued a $0.2027 dividend. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Tuesday, January 20th.

Institutional Trading of Invesco S&P 500 High Dividend Low Volatility ETF

A number of hedge funds have recently made changes to their positions in SPHD. Horizon Investments LLC purchased a new position in shares of Invesco S&P 500 High Dividend Low Volatility ETF in the third quarter valued at $44,000. Bessemer Group Inc. boosted its position in Invesco S&P 500 High Dividend Low Volatility ETF by 118.1% in the 3rd quarter. Bessemer Group Inc. now owns 1,154 shares of the company’s stock valued at $57,000 after buying an additional 625 shares during the last quarter. MAI Capital Management boosted its position in Invesco S&P 500 High Dividend Low Volatility ETF by 89.9% in the 3rd quarter. MAI Capital Management now owns 1,223 shares of the company’s stock valued at $60,000 after buying an additional 579 shares during the last quarter. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF during the third quarter valued at about $68,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF during the fourth quarter worth about $81,000.

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.