Daiwa Securities Group Inc. Reduces Stock Position in Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD)

Daiwa Securities Group Inc. lowered its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) by 9.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,630 shares of the company’s stock after selling 1,170 shares during the period. Daiwa Securities Group Inc.’s holdings in Invesco S&P 500 High Dividend Low Volatility ETF were worth $472,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SPHD. UBS Group AG increased its stake in Invesco S&P 500 High Dividend Low Volatility ETF by 21.8% in the fourth quarter. UBS Group AG now owns 660,843 shares of the company’s stock valued at $28,026,000 after acquiring an additional 118,148 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 8.2% during the fourth quarter. Franklin Resources Inc. now owns 633,873 shares of the company’s stock valued at $26,883,000 after buying an additional 47,773 shares during the last quarter. Avidian Wealth Solutions LLC grew its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 25.9% during the first quarter. Avidian Wealth Solutions LLC now owns 448,124 shares of the company’s stock valued at $19,897,000 after buying an additional 92,152 shares during the last quarter. Raymond James & Associates grew its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 7.1% during the second quarter. Raymond James & Associates now owns 376,271 shares of the company’s stock valued at $16,718,000 after buying an additional 24,912 shares during the last quarter. Finally, Stifel Financial Corp grew its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 301.1% during the fourth quarter. Stifel Financial Corp now owns 317,485 shares of the company’s stock valued at $13,464,000 after buying an additional 238,334 shares during the last quarter.

Invesco S&P 500 High Dividend Low Volatility ETF Trading Up 0.9 %

Shares of NYSEARCA:SPHD opened at $50.47 on Tuesday. The stock’s 50-day moving average price is $47.82 and its 200-day moving average price is $45.33. The stock has a market capitalization of $3.37 billion, a P/E ratio of 17.13 and a beta of 0.64. Invesco S&P 500 High Dividend Low Volatility ETF has a 12-month low of $37.19 and a 12-month high of $50.52.

Invesco S&P 500 High Dividend Low Volatility ETF 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.