Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) Sees Strong Trading Volume

Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) shares saw unusually-high trading volume on Tuesday . Approximately 187,895 shares were traded during mid-day trading, a decline of 68% from the previous session’s volume of 591,313 shares.The stock last traded at $47.08 and had previously closed at $46.56.

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

The business has a fifty day moving average price of $45.22 and a two-hundred day moving average price of $43.88. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 17.13 and a beta of 0.64.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC grew its holdings in Invesco S&P 500 High Dividend Low Volatility ETF by 663.2% during the fourth quarter. International Assets Investment Management LLC now owns 1,455,437 shares of the company’s stock worth $61,725,000 after acquiring an additional 1,264,727 shares during the period. UBS Group AG grew its holdings in Invesco S&P 500 High Dividend Low Volatility ETF by 21.8% during the fourth quarter. UBS Group AG now owns 660,843 shares of the company’s stock worth $28,026,000 after acquiring an additional 118,148 shares during the period. Franklin Resources Inc. grew its holdings in Invesco S&P 500 High Dividend Low Volatility ETF by 8.2% during the fourth quarter. Franklin Resources Inc. now owns 633,873 shares of the company’s stock worth $26,883,000 after acquiring an additional 47,773 shares during the period. Avidian Wealth Solutions LLC grew its holdings in Invesco S&P 500 High Dividend Low Volatility ETF by 25.9% during the first quarter. Avidian Wealth Solutions LLC now owns 448,124 shares of the company’s stock worth $19,897,000 after acquiring an additional 92,152 shares during the period. Finally, Raymond James & Associates boosted its position in Invesco S&P 500 High Dividend Low Volatility ETF by 7.1% during the second quarter. Raymond James & Associates now owns 376,271 shares of the company’s stock worth $16,718,000 after purchasing an additional 24,912 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.