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

Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) shares reached a new 52-week high on Friday . The stock traded as high as $51.15 and last traded at $51.13, with a volume of 42807 shares traded. The stock had previously closed at $50.87.

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

The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 17.13 and a beta of 0.64. The business’s 50-day moving average is $50.23 and its 200-day moving average is $47.58.

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

Large investors have recently bought and sold shares of the business. Harbour Investments Inc. lifted its position in Invesco S&P 500 High Dividend Low Volatility ETF by 5.0% during the 3rd quarter. Harbour Investments Inc. now owns 4,216 shares of the company’s stock worth $213,000 after buying an additional 202 shares in the last quarter. MML Investors Services LLC raised its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 0.3% in the third quarter. MML Investors Services LLC now owns 71,371 shares of the company’s stock worth $3,609,000 after acquiring an additional 206 shares during the last quarter. SeaCrest Wealth Management LLC lifted its position in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 6.6% during the third quarter. SeaCrest Wealth Management LLC now owns 4,815 shares of the company’s stock worth $243,000 after purchasing an additional 300 shares in the last quarter. Lynx Investment Advisory increased its holdings in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 0.9% in the third quarter. Lynx Investment Advisory now owns 36,031 shares of the company’s stock valued at $1,822,000 after purchasing an additional 316 shares in the last quarter. Finally, IMS Capital Management raised its position in Invesco S&P 500 High Dividend Low Volatility ETF by 1.6% in the 2nd quarter. IMS Capital Management now owns 21,033 shares of the company’s stock worth $1,015,000 after purchasing an additional 326 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.