Pinnacle Wealth Management Group Inc. Boosts Stock Position in Invesco S&P 500 High Dividend Low Volatility ETF $SPHD

Pinnacle Wealth Management Group Inc. grew its holdings in Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) by 3.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,176 shares of the company’s stock after buying an additional 2,093 shares during the quarter. Invesco S&P 500 High Dividend Low Volatility ETF accounts for 1.5% of Pinnacle Wealth Management Group Inc.’s investment portfolio, making the stock its 22nd largest position. Pinnacle Wealth Management Group Inc.’s holdings in Invesco S&P 500 High Dividend Low Volatility ETF were worth $2,624,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Envestnet Asset Management Inc. increased its position in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 5.6% during the first quarter. Envestnet Asset Management Inc. now owns 304,324 shares of the company’s stock worth $15,286,000 after purchasing an additional 16,030 shares in the last quarter. Spire Wealth Management increased its position in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 20.9% during the first quarter. Spire Wealth Management now owns 13,080 shares of the company’s stock worth $657,000 after purchasing an additional 2,259 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 12.4% during the first quarter. Oppenheimer Asset Management Inc. now owns 7,318 shares of the company’s stock worth $368,000 after purchasing an additional 805 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 65.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,304 shares of the company’s stock worth $585,000 after purchasing an additional 4,867 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its position in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 97.6% during the first quarter. J.W. Cole Advisors Inc. now owns 25,436 shares of the company’s stock worth $1,278,000 after purchasing an additional 12,563 shares in the last quarter.

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

Shares of SPHD opened at $48.62 on Friday. Invesco S&P 500 High Dividend Low Volatility ETF has a one year low of $43.39 and a one year high of $51.89. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 15.77 and a beta of 0.85. The stock has a 50 day moving average price of $49.02 and a 200 day moving average price of $48.11.

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.