Patten Group Inc. Purchases 9,333 Shares of Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG)

Patten Group Inc. grew its position in Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) by 8.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 116,164 shares of the company’s stock after acquiring an additional 9,333 shares during the quarter. Invesco S&P 500 Downside Hedged ETF accounts for about 1.0% of Patten Group Inc.’s holdings, making the stock its 17th largest position. Patten Group Inc.’s holdings in Invesco S&P 500 Downside Hedged ETF were worth $4,327,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Wolverine Trading LLC acquired a new position in Invesco S&P 500 Downside Hedged ETF in the third quarter worth about $371,000. Jane Street Group LLC raised its holdings in shares of Invesco S&P 500 Downside Hedged ETF by 57.0% in the 3rd quarter. Jane Street Group LLC now owns 11,392 shares of the company’s stock worth $435,000 after buying an additional 4,136 shares in the last quarter. International Assets Investment Management LLC bought a new position in shares of Invesco S&P 500 Downside Hedged ETF during the 4th quarter worth approximately $477,000. Silver Oak Securities Incorporated boosted its stake in Invesco S&P 500 Downside Hedged ETF by 25.4% in the 4th quarter. Silver Oak Securities Incorporated now owns 23,585 shares of the company’s stock valued at $882,000 after buying an additional 4,784 shares in the last quarter. Finally, Fortis Group Advisors LLC grew its position in Invesco S&P 500 Downside Hedged ETF by 18.8% in the fourth quarter. Fortis Group Advisors LLC now owns 40,748 shares of the company’s stock valued at $1,518,000 after acquiring an additional 6,449 shares during the period.

Invesco S&P 500 Downside Hedged ETF Price Performance

Invesco S&P 500 Downside Hedged ETF stock opened at $37.55 on Tuesday. The firm has a market capitalization of $112.65 million, a P/E ratio of 27.28 and a beta of 0.36. The stock has a fifty day moving average price of $38.03 and a two-hundred day moving average price of $38.09. Invesco S&P 500 Downside Hedged ETF has a 52-week low of $35.02 and a 52-week high of $39.40.

About Invesco S&P 500 Downside Hedged ETF

The Invesco S&P 500 Downside Hedged ETF (PHDG) is an exchange-traded fund that is based on the S&P 500 Dynamic VEQTOR index. The fund is an actively-managed ETF that allocates its portfolio between S&P 500 equities, VIX Index futures and cash. PHDG was launched on Dec 6, 2012 and is managed by Invesco.