Independent Advisor Alliance Takes $973,000 Position in Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD)

Independent Advisor Alliance purchased a new stake in Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 20,140 shares of the company’s stock, valued at approximately $973,000.

Other institutional investors have also bought and sold shares of the company. Steward Partners Investment Advisory LLC boosted its stake in Invesco S&P 500 High Dividend Low Volatility ETF by 12.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 19,133 shares of the company’s stock valued at $924,000 after buying an additional 2,161 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Invesco S&P 500 High Dividend Low Volatility ETF by 4.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 160,632 shares of the company’s stock worth $7,760,000 after purchasing an additional 6,623 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in 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 worth $14,534,000 after purchasing an additional 4,476 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in Invesco S&P 500 High Dividend Low Volatility ETF by 8.0% in the fourth quarter. Sanctuary Advisors LLC now owns 94,834 shares of the company’s stock worth $4,638,000 after purchasing an additional 7,001 shares in the last quarter. Finally, Wealthspire Advisors LLC boosted its stake in Invesco S&P 500 High Dividend Low Volatility ETF by 5.1% in the fourth quarter. Wealthspire Advisors LLC now owns 14,639 shares of the company’s stock worth $707,000 after purchasing an additional 711 shares in the last quarter.

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

Invesco S&P 500 High Dividend Low Volatility ETF stock opened at $49.72 on Friday. The firm has a market cap of $3.47 billion, a P/E ratio of 18.96 and a beta of 0.85. The business’s fifty day moving average is $49.08 and its two-hundred day moving average is $49.63. Invesco S&P 500 High Dividend Low Volatility ETF has a 52 week low of $42.03 and a 52 week high of $51.89.

Invesco S&P 500 High Dividend Low Volatility ETF Company 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.