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

Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) shares reached a new 52-week high on Thursday . The company traded as high as $52.50 and last traded at $52.41, with a volume of 742728 shares. The stock had previously closed at $52.07.

Invesco S&P 500 High Dividend Low Volatility ETF Trading Up 0.7%

The company has a market capitalization of $3.79 billion, a price-to-earnings ratio of 15.77 and a beta of 0.72. The firm has a 50-day moving average price of $49.01 and a 200-day moving average price of $48.70.

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

The company also recently announced a monthly dividend, which was paid on Friday, January 23rd. Investors 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 yield of 4.6%. The ex-dividend date of this dividend was Tuesday, January 20th.

Hedge Funds Weigh In On Invesco S&P 500 High Dividend Low Volatility ETF

Several large investors have recently made changes to their positions in the business. AQR Capital Management LLC acquired a new position in shares of Invesco S&P 500 High Dividend Low Volatility ETF in the 1st quarter worth approximately $416,000. Jane Street Group LLC lifted its stake in Invesco S&P 500 High Dividend Low Volatility ETF by 234.3% during the first quarter. Jane Street Group LLC now owns 32,125 shares of the company’s stock valued at $1,614,000 after purchasing an additional 22,515 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in Invesco S&P 500 High Dividend Low Volatility ETF by 39.4% during the second quarter. Concurrent Investment Advisors LLC now owns 33,074 shares of the company’s stock worth $1,573,000 after buying an additional 9,344 shares in the last quarter. CWM LLC grew its position in Invesco S&P 500 High Dividend Low Volatility ETF by 20.8% in the second quarter. CWM LLC now owns 5,797 shares of the company’s stock worth $276,000 after buying an additional 1,000 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in Invesco S&P 500 High Dividend Low Volatility ETF by 65.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,304 shares of the company’s stock worth $585,000 after buying an additional 4,867 shares during the last quarter.

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.