Grandview Asset Management LLC Acquires New Position in Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD)

Grandview Asset Management LLC bought a new position in shares of Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) during the fourth quarter, HoldingsChannel.com reports. The firm bought 4,413 shares of the company’s stock, valued at approximately $213,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Pinnacle Wealth Management Group Inc. increased its position in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 4.7% during the fourth quarter. Pinnacle Wealth Management Group Inc. now owns 59,166 shares of the company’s stock worth $2,858,000 after acquiring an additional 2,664 shares during the period. Miracle Mile Advisors LLC acquired a new position in Invesco S&P 500 High Dividend Low Volatility ETF during the 4th quarter worth $515,000. International Assets Investment Management LLC purchased a new stake in Invesco S&P 500 High Dividend Low Volatility ETF during the 4th quarter worth about $590,000. JPMorgan Chase & Co. raised its position in Invesco S&P 500 High Dividend Low Volatility ETF by 1.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 287,409 shares of the company’s stock valued at $14,534,000 after purchasing an additional 4,476 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 4.7% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 7,254 shares of the company’s stock valued at $364,000 after buying an additional 324 shares during the period.

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

SPHD stock opened at $47.43 on Tuesday. The company’s 50 day moving average price is $49.52 and its 200 day moving average price is $48.84. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 17.13 and a beta of 0.64. Invesco S&P 500 High Dividend Low Volatility ETF has a fifty-two week low of $40.84 and a fifty-two week 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.