SteelPeak Wealth LLC Boosts Stock Position in Invesco S&P 500 High Dividend Low Volatility ETF $SPHD

SteelPeak Wealth LLC boosted its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) by 1,124.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 140,236 shares of the company’s stock after purchasing an additional 128,786 shares during the period. SteelPeak Wealth LLC’s holdings in Invesco S&P 500 High Dividend Low Volatility ETF were worth $6,731,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Horizon Investments LLC purchased a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF in the third quarter worth $44,000. Bessemer Group Inc. raised its position in shares of 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 worth $57,000 after purchasing an additional 625 shares during the last quarter. MAI Capital Management raised its position in shares of 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 worth $60,000 after purchasing an additional 579 shares during the last quarter. Pin Oak Investment Advisors Inc. bought a new position in Invesco S&P 500 High Dividend Low Volatility ETF in the 3rd quarter worth about $68,000. Finally, Root Financial Partners LLC bought a new position in Invesco S&P 500 High Dividend Low Volatility ETF in the 3rd quarter worth about $94,000.

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

Shares of SPHD stock opened at $49.60 on Friday. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 15.77 and a beta of 0.72. Invesco S&P 500 High Dividend Low Volatility ETF has a one year low of $43.39 and a one year high of $53.07. The company’s 50-day moving average is $50.79 and its 200 day moving average is $49.23.

Invesco S&P 500 High Dividend Low Volatility ETF 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.