Meritage Portfolio Management Lowers Position in Invesco S&P 500 High Dividend Low Volatility ETF $SPHD

Meritage Portfolio Management lessened its stake in Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) by 4.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,847 shares of the company’s stock after selling 1,185 shares during the quarter. Meritage Portfolio Management’s holdings in Invesco S&P 500 High Dividend Low Volatility ETF were worth $1,134,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of SPHD. LPL Financial LLC lifted its holdings in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 22.0% in the first quarter. LPL Financial LLC now owns 2,779,602 shares of the company’s stock worth $139,619,000 after buying an additional 500,835 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 61.7% in the first quarter. Ameriprise Financial Inc. now owns 1,138,820 shares of the company’s stock worth $57,204,000 after buying an additional 434,526 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 41.9% in the first quarter. Commonwealth Equity Services LLC now owns 419,999 shares of the company’s stock worth $21,097,000 after buying an additional 123,979 shares in the last quarter. Signal Advisors Wealth LLC lifted its holdings in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 886.5% in the second quarter. Signal Advisors Wealth LLC now owns 116,096 shares of the company’s stock worth $5,522,000 after buying an additional 104,327 shares in the last quarter. Finally, Aurora Private Wealth Inc. purchased a new position in shares of Invesco S&P 500 High Dividend Low Volatility ETF in the first quarter worth $5,023,000.

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

SPHD stock opened at $48.11 on Monday. 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. The company’s fifty day moving average price is $48.97 and its 200-day moving average price is $48.07. The company has a market capitalization of $3.09 billion, a PE ratio of 15.77 and a beta of 0.85.

Invesco S&P 500 High Dividend Low Volatility ETF Company Profile

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.