Invesco S&P 500 High Dividend Low Volatility ETF $SPHD Shares Sold by Sovran Advisors LLC

Sovran Advisors LLC reduced its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) by 86.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,319 shares of the company’s stock after selling 63,717 shares during the period. Sovran Advisors LLC’s holdings in Invesco S&P 500 High Dividend Low Volatility ETF were worth $487,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Root Financial Partners LLC purchased a new stake in Invesco S&P 500 High Dividend Low Volatility ETF during the 3rd quarter valued at about $94,000. Crews Bank & Trust boosted its position in Invesco S&P 500 High Dividend Low Volatility ETF by 22.1% in the 2nd quarter. Crews Bank & Trust now owns 2,565 shares of the company’s stock worth $122,000 after purchasing an additional 465 shares in the last quarter. N.E.W. Advisory Services LLC boosted its holdings in Invesco S&P 500 High Dividend Low Volatility ETF by 7.6% during the third quarter. N.E.W. Advisory Services LLC now owns 3,665 shares of the company’s stock worth $181,000 after buying an additional 259 shares in the last quarter. PDS Planning Inc purchased a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF during the 3rd quarter worth about $204,000. Finally, Armbruster Capital Management Inc. purchased a new position in Invesco S&P 500 High Dividend Low Volatility ETF during the third quarter worth approximately $205,000.

Invesco S&P 500 High Dividend Low Volatility ETF Trading Up 0.5%

Shares of SPHD opened at $49.82 on Wednesday. The firm has a market cap of $3.12 billion, a P/E ratio of 15.77 and a beta of 0.72. Invesco S&P 500 High Dividend Low Volatility ETF has a 12 month low of $43.39 and a 12 month high of $51.60. The stock’s 50 day moving average is $48.39 and its two-hundred day moving average is $48.53.

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. Investors of record on Tuesday, January 20th were issued a $0.2027 dividend. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Tuesday, January 20th.

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.