January Capital Advisors LLC purchased a new position in Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 24,733 shares of the company’s stock, valued at approximately $935,000. Invesco S&P 500 Downside Hedged ETF accounts for approximately 1.3% of January Capital Advisors LLC’s investment portfolio, making the stock its 18th largest position. January Capital Advisors LLC owned 1.55% of Invesco S&P 500 Downside Hedged ETF as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of the company. First Growth Capital LLC bought a new position in Invesco S&P 500 Downside Hedged ETF during the fourth quarter worth $953,000. Axxcess Wealth Management LLC bought a new stake in Invesco S&P 500 Downside Hedged ETF during the fourth quarter valued at $657,000. OLD Mission Capital LLC boosted its position in Invesco S&P 500 Downside Hedged ETF by 86.9% during the fourth quarter. OLD Mission Capital LLC now owns 63,892 shares of the company’s stock valued at $2,392,000 after acquiring an additional 29,707 shares during the last quarter. Mariner LLC grew its holdings in Invesco S&P 500 Downside Hedged ETF by 6.8% during the 4th quarter. Mariner LLC now owns 14,517 shares of the company’s stock worth $544,000 after acquiring an additional 919 shares during the period. Finally, Cresta Advisors Ltd. acquired a new stake in Invesco S&P 500 Downside Hedged ETF during the 4th quarter worth about $26,000.
Invesco S&P 500 Downside Hedged ETF Trading Up 1.1%
PHDG stock opened at $40.75 on Friday. The stock has a 50-day moving average price of $41.38 and a 200-day moving average price of $39.72. Invesco S&P 500 Downside Hedged ETF has a 1-year low of $34.73 and a 1-year high of $43.41. The firm has a market cap of $61.12 million, a PE ratio of 25.93 and a beta of 0.56.
About Invesco S&P 500 Downside Hedged ETF
The Invesco S&P 500 Downside Hedged ETF (PHDG) is an exchange-traded fund that is based on the S&P 500 Dynamic VEQTOR index. The fund is an actively-managed ETF that allocates its portfolio between S&P 500 equities, VIX Index futures and cash. PHDG was launched on Dec 6, 2012 and is managed by Invesco.
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