LPL Financial LLC Buys 353,642 Shares of Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD)

LPL Financial LLC grew its position in Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) by 18.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,278,767 shares of the company’s stock after acquiring an additional 353,642 shares during the period. LPL Financial LLC’s holdings in Invesco S&P 500 High Dividend Low Volatility ETF were worth $110,087,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Pathway Financial Advisers LLC bought a new position in Invesco S&P 500 High Dividend Low Volatility ETF in the fourth quarter valued at about $29,000. Armstrong Advisory Group Inc. bought a new position in Invesco S&P 500 High Dividend Low Volatility ETF in the 4th quarter valued at approximately $34,000. Crews Bank & Trust bought a new position in Invesco S&P 500 High Dividend Low Volatility ETF in the 4th quarter valued at approximately $101,000. Providence First Trust Co acquired a new stake in Invesco S&P 500 High Dividend Low Volatility ETF during the 4th quarter worth approximately $121,000. Finally, US Bancorp DE grew its holdings in Invesco S&P 500 High Dividend Low Volatility ETF by 12.8% during the 4th quarter. US Bancorp DE now owns 2,696 shares of the company’s stock worth $130,000 after acquiring an additional 306 shares during the last quarter.

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

Shares of NYSEARCA SPHD opened at $49.17 on Wednesday. The stock has a market cap of $3.43 billion, a P/E ratio of 18.96 and a beta of 0.85. The firm has a 50 day moving average price of $49.38 and a two-hundred day moving average price of $49.65. Invesco S&P 500 High Dividend Low Volatility ETF has a 52-week low of $42.03 and a 52-week high of $51.89.

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

The business also recently announced a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be given a dividend of $0.1391 per share. The ex-dividend date of this dividend is Monday, March 24th.

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.