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

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

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

The firm’s fifty day moving average is $49.38 and its two-hundred day moving average is $48.83. The firm has a market capitalization of $3.78 billion, a PE ratio of 15.77 and a beta of 0.72.

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

The business also recently declared a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were issued a $0.2027 dividend. 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.

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

Several large investors have recently modified their holdings of the business. Bank of America Corp DE raised its holdings in Invesco S&P 500 High Dividend Low Volatility ETF by 5.9% during the 3rd quarter. Bank of America Corp DE now owns 1,175,362 shares of the company’s stock valued at $58,122,000 after acquiring an additional 65,443 shares during the period. Raymond James Financial Inc. grew its position in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 10.3% in the second quarter. Raymond James Financial Inc. now owns 755,806 shares of the company’s stock valued at $35,946,000 after purchasing an additional 70,284 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 1.8% during the 3rd quarter. Franklin Resources Inc. now owns 716,017 shares of the company’s stock valued at $35,407,000 after purchasing an additional 12,356 shares during the period. Two Sigma Investments LP bought a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF during the 3rd quarter valued at $34,348,000. Finally, Wells Fargo & Company MN lifted its holdings in Invesco S&P 500 High Dividend Low Volatility ETF by 2.0% during the 4th quarter. Wells Fargo & Company MN now owns 643,258 shares of the company’s stock worth $30,876,000 after purchasing an additional 12,629 shares in 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.