Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) Sees Unusually-High Trading Volume – Here’s What Happened

Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) saw unusually-high trading volume on Wednesday . Approximately 2,247,985 shares traded hands during mid-day trading, an increase of 225% from the previous session’s volume of 690,949 shares.The stock last traded at $48.4980 and had previously closed at $48.19.

Invesco S&P 500 High Dividend Low Volatility ETF Stock Up 0.7%

The company has a market cap of $3.09 billion, a price-to-earnings ratio of 15.77 and a beta of 0.72. The business has a fifty day simple moving average of $48.39 and a 200 day simple moving average of $48.26.

Institutional Investors Weigh In On Invesco S&P 500 High Dividend Low Volatility ETF

Large investors have recently made changes to their positions in the business. Horizon Investments LLC bought a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF in the third quarter worth $44,000. Bessemer Group Inc. increased its holdings in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 118.1% during the third quarter. Bessemer Group Inc. now owns 1,154 shares of the company’s stock valued at $57,000 after purchasing an additional 625 shares during the period. MAI Capital Management increased its holdings in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 89.9% during the third quarter. MAI Capital Management now owns 1,223 shares of the company’s stock valued at $60,000 after purchasing an additional 579 shares during the period. Luminist Capital LLC acquired a new stake in Invesco S&P 500 High Dividend Low Volatility ETF in the first quarter worth about $68,000. Finally, Pin Oak Investment Advisors Inc. bought a new position in Invesco S&P 500 High Dividend Low Volatility ETF in the 3rd quarter valued at about $68,000.

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.