Kovack Advisors Inc. Purchases 518 Shares of Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG)

Kovack Advisors Inc. lifted its stake in shares of Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) by 1.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 40,849 shares of the company’s stock after acquiring an additional 518 shares during the quarter. Kovack Advisors Inc.’s holdings in Invesco S&P 500 Downside Hedged ETF were worth $1,522,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PHDG. Wolverine Trading LLC bought a new position in shares of Invesco S&P 500 Downside Hedged ETF during the third quarter worth about $371,000. Jane Street Group LLC grew its stake in Invesco S&P 500 Downside Hedged ETF by 57.0% during the third quarter. Jane Street Group LLC now owns 11,392 shares of the company’s stock worth $435,000 after purchasing an additional 4,136 shares during the period. International Assets Investment Management LLC acquired a new stake in Invesco S&P 500 Downside Hedged ETF during the fourth quarter worth approximately $477,000. Silver Oak Securities Incorporated grew its stake in Invesco S&P 500 Downside Hedged ETF by 25.4% during the fourth quarter. Silver Oak Securities Incorporated now owns 23,585 shares of the company’s stock worth $882,000 after purchasing an additional 4,784 shares during the period. Finally, Fortis Group Advisors LLC grew its stake in Invesco S&P 500 Downside Hedged ETF by 18.8% during the fourth quarter. Fortis Group Advisors LLC now owns 40,748 shares of the company’s stock worth $1,518,000 after purchasing an additional 6,449 shares during the period.

Invesco S&P 500 Downside Hedged ETF Price Performance

NYSEARCA PHDG opened at $38.00 on Thursday. The business has a 50 day simple moving average of $38.04 and a 200 day simple moving average of $38.08. Invesco S&P 500 Downside Hedged ETF has a one year low of $35.02 and a one year high of $39.40. The stock has a market capitalization of $114 million, a P/E ratio of 27.28 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.