First PREMIER Bank Has $13.44 Million Stake in Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG)

First PREMIER Bank trimmed its holdings in shares of Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) by 0.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 351,869 shares of the company’s stock after selling 1,773 shares during the period. Invesco S&P 500 Downside Hedged ETF comprises approximately 3.4% of First PREMIER Bank’s portfolio, making the stock its 4th largest position. First PREMIER Bank owned about 11.00% of Invesco S&P 500 Downside Hedged ETF worth $13,444,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of PHDG. Geneos Wealth Management Inc. boosted its position in Invesco S&P 500 Downside Hedged ETF by 11.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 31,578 shares of the company’s stock valued at $1,161,000 after buying an additional 3,360 shares during the period. Orion Portfolio Solutions LLC grew its stake in shares of Invesco S&P 500 Downside Hedged ETF by 30.2% in the first quarter. Orion Portfolio Solutions LLC now owns 24,891 shares of the company’s stock worth $916,000 after purchasing an additional 5,776 shares during the last quarter. Finally, Atria Investments Inc increased its holdings in Invesco S&P 500 Downside Hedged ETF by 1.6% during the 1st quarter. Atria Investments Inc now owns 31,691 shares of the company’s stock valued at $1,166,000 after purchasing an additional 501 shares during the period.

Invesco S&P 500 Downside Hedged ETF Price Performance

PHDG opened at $38.34 on Wednesday. Invesco S&P 500 Downside Hedged ETF has a one year low of $30.81 and a one year high of $39.40. The business has a 50 day simple moving average of $37.70 and a two-hundred day simple moving average of $37.05. The firm has a market capitalization of $122.68 million, a price-to-earnings ratio of 22.68 and a beta of 0.68.

Invesco S&P 500 Downside Hedged ETF Company Profile

The Invesco S&P 500 Downside Hedged ETF (PHDG) is an exchange-traded fund that is based on the S&P 500 Dynamic VEQTOR index. The fund is an actively-managed ETF that allocates its portfolio between S&P 500 equities, VIX Index futures and cash. PHDG was launched on Dec 6, 2012 and is managed by Invesco.