New Wave Wealth Advisors LLC Sells 24,148 Shares of Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD)

New Wave Wealth Advisors LLC trimmed its stake in Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) by 94.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,435 shares of the company’s stock after selling 24,148 shares during the period. New Wave Wealth Advisors LLC’s holdings in Invesco S&P 500 High Dividend Low Volatility ETF were worth $69,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. LPL Financial LLC boosted its holdings in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 2.2% in the 3rd quarter. LPL Financial LLC now owns 1,925,125 shares of the company’s stock worth $97,354,000 after acquiring an additional 40,576 shares in the last quarter. Franklin Resources Inc. boosted its stake in Invesco S&P 500 High Dividend Low Volatility ETF by 0.5% in the third quarter. Franklin Resources Inc. now owns 674,688 shares of the company’s stock worth $33,977,000 after purchasing an additional 3,308 shares in the last quarter. Avidian Wealth Enterprises LLC grew its holdings in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 0.6% during the third quarter. Avidian Wealth Enterprises LLC now owns 435,514 shares of the company’s stock worth $22,024,000 after purchasing an additional 2,638 shares during the last quarter. Bank of Montreal Can increased its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 15.0% in the third quarter. Bank of Montreal Can now owns 328,211 shares of the company’s stock valued at $16,539,000 after buying an additional 42,820 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 1.6% in the third quarter. JPMorgan Chase & Co. now owns 287,409 shares of the company’s stock valued at $14,534,000 after buying an additional 4,476 shares during the last quarter.

Invesco S&P 500 High Dividend Low Volatility ETF Stock Down 0.4 %

Shares of NYSEARCA SPHD opened at $48.69 on Friday. The company has a market cap of $3.25 billion, a price-to-earnings 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 $40.84 and a 12-month high of $51.89. The firm’s 50-day simple moving average is $49.11 and its 200 day simple moving average is $49.15.

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.