Pinnacle Wealth Management Group Inc. purchased a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 56,502 shares of the company’s stock, valued at approximately $2,857,000. Invesco S&P 500 High Dividend Low Volatility ETF accounts for about 1.8% of Pinnacle Wealth Management Group Inc.’s holdings, making the stock its 19th biggest holding. Pinnacle Wealth Management Group Inc. owned 0.08% of Invesco S&P 500 High Dividend Low Volatility ETF as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Moisand Fitzgerald Tamayo LLC grew its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 941.5% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 552 shares of the company’s stock valued at $28,000 after purchasing an additional 499 shares during the period. Patten Group Inc. grew its holdings in Invesco S&P 500 High Dividend Low Volatility ETF by 2.9% during the third quarter. Patten Group Inc. now owns 21,890 shares of the company’s stock valued at $1,107,000 after purchasing an additional 615 shares during the period. CWM LLC boosted its position in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 6.3% during the third quarter. CWM LLC now owns 6,634 shares of the company’s stock worth $335,000 after acquiring an additional 396 shares during the last quarter. Saxon Interests Inc. bought a new position in shares of Invesco S&P 500 High Dividend Low Volatility ETF during the 3rd quarter valued at about $791,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF in the third quarter worth about $56,000.
Invesco S&P 500 High Dividend Low Volatility ETF Price Performance
Shares of NYSEARCA SPHD traded up $0.36 during midday trading on Friday, reaching $50.12. 324,336 shares of the stock traded hands, compared to its average volume of 678,713. The company’s 50 day moving average is $49.25 and its 200 day moving average is $46.21. The stock has a market capitalization of $3.35 billion, a PE ratio of 17.13 and a beta of 0.64. Invesco S&P 500 High Dividend Low Volatility ETF has a one year low of $37.19 and a one year high of $50.65.
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.
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