Ballast Inc. Makes New $256,000 Investment in Invesco S&P 500 High Dividend Low Volatility ETF $SPHD

Ballast Inc. bought a new position in Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) during the second quarter, Holdings Channel.com reports. The institutional investor bought 5,385 shares of the company’s stock, valued at approximately $256,000.

Other institutional investors have also bought and sold shares of the company. Luminist Capital LLC purchased a new position in Invesco S&P 500 High Dividend Low Volatility ETF in the 1st quarter worth approximately $68,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Invesco S&P 500 High Dividend Low Volatility ETF by 330.7% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,822 shares of the company’s stock worth $87,000 after purchasing an additional 1,399 shares in the last quarter. Cooksen Wealth LLC purchased a new position in Invesco S&P 500 High Dividend Low Volatility ETF in the 1st quarter worth approximately $109,000. Crews Bank & Trust lifted its stake in Invesco S&P 500 High Dividend Low Volatility ETF by 22.1% in the 2nd quarter. Crews Bank & Trust now owns 2,565 shares of the company’s stock worth $122,000 after purchasing an additional 465 shares in the last quarter. Finally, AE Wealth Management LLC lifted its stake in Invesco S&P 500 High Dividend Low Volatility ETF by 18.7% in the 1st quarter. AE Wealth Management LLC now owns 2,915 shares of the company’s stock worth $146,000 after purchasing an additional 460 shares in the last quarter.

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

SPHD stock opened at $48.58 on Monday. The firm has a market cap of $3.11 billion, a PE ratio of 15.77 and a beta of 0.85. The firm’s 50 day moving average price is $49.00 and its 200-day moving average price is $48.03. Invesco S&P 500 High Dividend Low Volatility ETF has a one year low of $43.39 and a one year high of $51.89.

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.