Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) Shares Sold by Fortis Group Advisors LLC

Fortis Group Advisors LLC decreased its position in Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) by 74.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 10,344 shares of the company’s stock after selling 30,404 shares during the period. Fortis Group Advisors LLC owned about 0.33% of Invesco S&P 500 Downside Hedged ETF worth $377,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PHDG. LPL Financial LLC increased its holdings in shares of Invesco S&P 500 Downside Hedged ETF by 62.1% during the 4th quarter. LPL Financial LLC now owns 161,906 shares of the company’s stock worth $6,031,000 after purchasing an additional 62,053 shares during the period. Philip James Wealth Mangement LLC boosted its position in Invesco S&P 500 Downside Hedged ETF by 2.3% in the first quarter. Philip James Wealth Mangement LLC now owns 115,034 shares of the company’s stock valued at $4,196,000 after buying an additional 2,588 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in Invesco S&P 500 Downside Hedged ETF in the fourth quarter valued at about $3,538,000. Sowell Financial Services LLC boosted its position in Invesco S&P 500 Downside Hedged ETF by 2.3% in the first quarter. Sowell Financial Services LLC now owns 73,615 shares of the company’s stock valued at $2,685,000 after buying an additional 1,689 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Invesco S&P 500 Downside Hedged ETF by 474.6% during the first quarter. Envestnet Asset Management Inc. now owns 46,683 shares of the company’s stock worth $1,703,000 after purchasing an additional 38,559 shares in the last quarter.

Invesco S&P 500 Downside Hedged ETF Price Performance

Shares of NYSEARCA PHDG opened at $35.72 on Friday. The company’s 50 day simple moving average is $34.72 and its 200 day simple moving average is $35.88. Invesco S&P 500 Downside Hedged ETF has a fifty-two week low of $32.85 and a fifty-two week high of $39.40. The firm has a market capitalization of $87.51 million, a P/E ratio of 25.93 and a beta of 0.36.

About Invesco S&P 500 Downside Hedged ETF

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.