Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) Hits New 52-Week High – Time to Buy?

Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $53.98 and last traded at $53.97, with a volume of 188228 shares trading hands. The stock had previously closed at $52.88.

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

The business’s 50 day moving average price is $51.05 and its 200 day moving average price is $50.48. The stock has a market capitalization of $3.42 billion, a P/E ratio of 15.77 and a beta of 0.61.

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

A number of large investors have recently added to or reduced their stakes in SPHD. &PARTNERS lifted its holdings in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 1.7% during the 4th quarter. &PARTNERS now owns 11,531 shares of the company’s stock valued at $553,000 after buying an additional 197 shares during the period. Colonial River Investments LLC grew its holdings in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 0.7% in the fourth quarter. Colonial River Investments LLC now owns 30,901 shares of the company’s stock worth $1,483,000 after acquiring an additional 201 shares during the period. Prairie Wealth Advisors Inc. increased its position in Invesco S&P 500 High Dividend Low Volatility ETF by 2.8% during the third quarter. Prairie Wealth Advisors Inc. now owns 7,829 shares of the company’s stock valued at $387,000 after acquiring an additional 215 shares during the last quarter. Essex Financial Services Inc. increased its position in Invesco S&P 500 High Dividend Low Volatility ETF by 2.3% during the fourth quarter. Essex Financial Services Inc. now owns 9,601 shares of the company’s stock valued at $461,000 after acquiring an additional 218 shares during the last quarter. Finally, Horizon Investments LLC increased its position in Invesco S&P 500 High Dividend Low Volatility ETF by 27.4% during the fourth quarter. Horizon Investments LLC now owns 1,133 shares of the company’s stock valued at $54,000 after acquiring an additional 244 shares during the last quarter.

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.