BTS Asset Management Inc. Sells 20,948 Shares of Invesco S&P 500 High Dividend Low Volatility ETF $SPHD

BTS Asset Management Inc. lessened its stake in Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) by 9.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 193,305 shares of the company’s stock after selling 20,948 shares during the quarter. Invesco S&P 500 High Dividend Low Volatility ETF accounts for about 12.3% of BTS Asset Management Inc.’s investment portfolio, making the stock its 3rd biggest holding. BTS Asset Management Inc. owned about 0.30% of Invesco S&P 500 High Dividend Low Volatility ETF worth $9,559,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPHD. Level Four Advisory Services LLC boosted its stake in Invesco S&P 500 High Dividend Low Volatility ETF by 19.9% in the 3rd quarter. Level Four Advisory Services LLC now owns 15,480 shares of the company’s stock worth $766,000 after purchasing an additional 2,574 shares during the period. Focus Partners Advisor Solutions LLC lifted its holdings in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 99.5% in the third quarter. Focus Partners Advisor Solutions LLC now owns 69,096 shares of the company’s stock valued at $3,297,000 after purchasing an additional 34,465 shares in the last quarter. Arete Wealth Advisors LLC boosted its position in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 1.1% during the third quarter. Arete Wealth Advisors LLC now owns 71,031 shares of the company’s stock worth $3,512,000 after buying an additional 743 shares during the period. MAI Capital Management grew its holdings in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 89.9% during the third quarter. MAI Capital Management now owns 1,223 shares of the company’s stock worth $60,000 after buying an additional 579 shares in the last quarter. Finally, Cowa LLC raised its position in Invesco S&P 500 High Dividend Low Volatility ETF by 17.9% in the 3rd quarter. Cowa LLC now owns 14,990 shares of the company’s stock valued at $741,000 after buying an additional 2,276 shares during the last quarter.

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

NYSEARCA SPHD opened at $52.08 on Wednesday. Invesco S&P 500 High Dividend Low Volatility ETF has a 52 week low of $43.39 and a 52 week high of $53.07. The stock’s 50 day moving average price is $50.20 and its two-hundred day moving average price is $49.11. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 15.77 and a beta of 0.72.

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

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 23rd were issued a dividend of $0.2094 per share. The ex-dividend date was Monday, February 23rd. This is a positive change from Invesco S&P 500 High Dividend Low Volatility ETF’s previous monthly dividend of $0.20. This represents a c) annualized dividend and a yield of 4.8%.

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.