Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) Shares Purchased by Baird Financial Group Inc.

Baird Financial Group Inc. lifted its holdings in Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) by 254.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,888 shares of the company’s stock after purchasing an additional 27,906 shares during the quarter. Baird Financial Group Inc. owned about 0.06% of Invesco S&P 500 High Dividend Low Volatility ETF worth $1,879,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SPHD. Raymond James Financial Inc. purchased a new position in Invesco S&P 500 High Dividend Low Volatility ETF in the 4th quarter worth $28,987,000. LPL Financial LLC raised its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 18.4% during the 4th quarter. LPL Financial LLC now owns 2,278,767 shares of the company’s stock valued at $110,087,000 after buying an additional 353,642 shares during the last quarter. Stifel Financial Corp raised its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 238.9% during the 4th quarter. Stifel Financial Corp now owns 412,493 shares of the company’s stock valued at $19,927,000 after buying an additional 290,788 shares during the last quarter. Fourpath Capital Management LLC purchased a new position in shares of Invesco S&P 500 High Dividend Low Volatility ETF during the 4th quarter valued at about $13,805,000. Finally, Ameriprise Financial Inc. raised its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 20.4% during the 4th quarter. Ameriprise Financial Inc. now owns 704,294 shares of the company’s stock valued at $34,023,000 after buying an additional 119,542 shares during the last quarter.

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

NYSEARCA SPHD opened at $47.75 on Tuesday. The stock has a 50-day simple moving average of $48.03 and a two-hundred day simple moving average of $48.92. The firm has a market capitalization of $3.35 billion, a P/E ratio of 17.62 and a beta of 0.72. Invesco S&P 500 High Dividend Low Volatility ETF has a fifty-two week low of $43.39 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.