Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) Sets New 1-Year High – Still a Buy?

Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $51.63 and last traded at $51.6040, with a volume of 158722 shares. The stock had previously closed at $51.12.

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

The firm has a market capitalization of $3.72 billion, a P/E ratio of 15.77 and a beta of 0.72. The stock has a fifty day moving average price of $48.71 and a two-hundred day moving average price of $48.62.

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

The firm also recently announced a monthly dividend, which was paid on Friday, January 23rd. Shareholders of record on Tuesday, January 20th were issued a dividend of $0.2027 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Tuesday, January 20th.

Institutional Investors Weigh In On Invesco S&P 500 High Dividend Low Volatility ETF

A number of institutional investors have recently modified their holdings of the business. Horizon Investments LLC bought a new position in Invesco S&P 500 High Dividend Low Volatility ETF during the 3rd quarter worth $44,000. Bessemer Group Inc. grew its holdings 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 worth $57,000 after buying an additional 625 shares in the last quarter. MAI Capital Management increased 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 acquiring an additional 579 shares during the period. Pin Oak Investment Advisors Inc. bought a new stake in Invesco S&P 500 High Dividend Low Volatility ETF during the 3rd quarter valued at $68,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Invesco S&P 500 High Dividend Low Volatility ETF during the 4th quarter valued at $81,000.

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.