Invesco S&P 500 High Dividend Low Volatility ETF $SPHD Shares Sold by BTS Asset Management Inc.

BTS Asset Management Inc. lowered its stake in Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) by 9.8% during the third quarter, Holdings Channel.com reports. The fund owned 193,305 shares of the company’s stock after selling 20,948 shares during the period. Invesco S&P 500 High Dividend Low Volatility ETF accounts for approximately 12.3% of BTS Asset Management Inc.’s holdings, making the stock its 3rd largest holding. BTS Asset Management Inc.’s holdings in Invesco S&P 500 High Dividend Low Volatility ETF were worth $9,559,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bessemer Group Inc. grew its stake in Invesco S&P 500 High Dividend Low Volatility ETF by 118.1% in the third quarter. Bessemer Group Inc. now owns 1,154 shares of the company’s stock valued at $57,000 after purchasing an additional 625 shares in the last quarter. MAI Capital Management raised its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 89.9% during the 3rd quarter. MAI Capital Management now owns 1,223 shares of the company’s stock worth $60,000 after purchasing an additional 579 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF in the 3rd quarter valued at approximately $94,000. N.E.W. Advisory Services LLC boosted its holdings in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 7.6% in the 3rd quarter. N.E.W. Advisory Services LLC now owns 3,665 shares of the company’s stock valued at $181,000 after buying an additional 259 shares during the last quarter. Finally, PDS Planning Inc bought a new position in shares of Invesco S&P 500 High Dividend Low Volatility ETF in the third quarter valued at $204,000.

Invesco S&P 500 High Dividend Low Volatility ETF Trading Down 0.8%

Shares of SPHD opened at $52.08 on Wednesday. The company’s fifty day simple moving average is $50.20 and its 200 day simple moving average is $49.11. Invesco S&P 500 High Dividend Low Volatility ETF has a 1-year low of $43.39 and a 1-year high of $53.07. The company has a market cap 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 company also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 23rd were paid a $0.2094 dividend. This is an increase from Invesco S&P 500 High Dividend Low Volatility ETF’s previous monthly dividend of $0.20. The ex-dividend date was Monday, February 23rd. This represents a c) annualized dividend and a yield of 4.8%.

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.