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

Shares of Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $53.07 and last traded at $52.19, with a volume of 1144537 shares traded. The stock had previously closed at $52.63.

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

The company has a market cap of $3.78 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 $49.38 and a 200 day moving average price of $48.83.

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

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

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

Hedge funds have recently bought and sold shares of the business. Two Sigma Investments LP bought a new stake in Invesco S&P 500 High Dividend Low Volatility ETF in the 3rd quarter valued at about $34,348,000. Stifel Financial Corp boosted its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 152.4% in the fourth quarter. Stifel Financial Corp now owns 627,025 shares of the company’s stock valued at $30,097,000 after buying an additional 378,620 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Invesco S&P 500 High Dividend Low Volatility ETF by 1,036.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 311,768 shares of the company’s stock worth $15,843,000 after buying an additional 284,328 shares in the last quarter. CWM LLC increased its stake in Invesco S&P 500 High Dividend Low Volatility ETF by 4,597.5% during the 4th quarter. CWM LLC now owns 236,566 shares of the company’s stock worth $11,355,000 after acquiring an additional 231,530 shares during the period. Finally, BTS Asset Management Inc. acquired a new position in Invesco S&P 500 High Dividend Low Volatility ETF in the 2nd quarter valued at $10,190,000.

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.