PFG Investments LLC Holds $578,000 in Invesco S&P 500 High Dividend Low Volatility ETF

PFG Investments LLC has made adjustments to its investment in the Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) by reducing its position by 4.7% during the third quarter of the year, as reported by HoldingsChannel.com. After selling 562 shares, the firm now holds 11,434 shares of the ETF. The value of these holdings amounts to approximately $578,000, based on the latest disclosure filed with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also been active in buying and selling shares of the Invesco S&P 500 High Dividend Low Volatility ETF recently. Notably, Moisand Fitzgerald Tamayo LLC expanded its stake in SPHD significantly by 941.5% during the third quarter, acquiring 499 additional shares, bringing its total ownership to 552 shares worth about $28,000. Pathway Financial Advisers LLC formed a new position in the ETF worth approximately $26,000 in the first quarter.

Furthermore, Castleview Partners LLC increased its shareholding by 190.0% in the third quarter, now owning 899 shares valued at $45,000 after purchasing an extra 589 shares. Future Financial Wealth Management LLC also made a new investment in SPHD valued at around $56,000 during the same quarter. Hantz Financial Services Inc. established a new stake during the second quarter valued at about $52,000.

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

On Tuesday, the Invesco S&P 500 High Dividend Low Volatility ETF opened at a price of $50.25. The stock has a 50-day moving average of $49.88 and a 200-day moving average of $46.71. The ETF, which has a market capitalization of $3.36 billion, shows a price-to-earnings ratio of 17.13 and a beta of 0.64. Over the last 12 months, the ETF reached a low of $37.33 and peaked at $51.07.

Overview of 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 primarily focuses on large-cap equities. It aims to replicate a dividend-yield-weighted index that includes the least volatile and highest dividend-yielding stocks among the S&P 500. Launched on October 18, 2012, the ETF is managed by Invesco.

PFG, investments, ETF