Madrid Financial Services Purchases 181,000 Shares of Invesco S&P 500 High Dividend Low Volatility ETF $SPHD

Madrid Financial Services purchased a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 181,000 shares of the company’s stock, valued at approximately $8,721,000. Invesco S&P 500 High Dividend Low Volatility ETF comprises about 5.1% of Madrid Financial Services’ investment portfolio, making the stock its 8th biggest position. Madrid Financial Services owned approximately 0.28% of Invesco S&P 500 High Dividend Low Volatility ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPHD. Avidian Wealth Enterprises LLC acquired a new position in shares of Invesco S&P 500 High Dividend Low Volatility ETF in the third quarter valued at $21,067,000. Commonwealth Equity Services LLC acquired a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF during the 3rd quarter worth about $8,917,000. Brookstone Capital Management acquired a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF during the 3rd quarter worth about $8,460,000. Estate Counselors LLC acquired a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF during the 1st quarter worth about $6,106,000. Finally, Lmcg Investments LLC acquired a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF during the 3rd quarter worth about $4,599,000.

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

Shares of SPHD stock opened at $52.22 on Friday. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 15.77 and a beta of 0.60. The company has a 50-day simple moving average of $50.56 and a 200 day simple moving average of $50.85. Invesco S&P 500 High Dividend Low Volatility ETF has a 52 week low of $47.19 and a 52 week high of $54.04.

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.