Patten Group Inc. Grows Stock Holdings in Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG)

Patten Group Inc. grew its holdings in shares of Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) by 8.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 116,164 shares of the company’s stock after acquiring an additional 9,333 shares during the period. Invesco S&P 500 Downside Hedged ETF comprises about 1.0% of Patten Group Inc.’s investment portfolio, making the stock its 17th biggest holding. Patten Group Inc. owned approximately 3.63% of Invesco S&P 500 Downside Hedged ETF worth $4,327,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PHDG. Philip James Wealth Mangement LLC boosted its holdings in shares of Invesco S&P 500 Downside Hedged ETF by 0.5% in the 4th quarter. Philip James Wealth Mangement LLC now owns 112,446 shares of the company’s stock valued at $4,189,000 after buying an additional 556 shares during the period. Private Advisor Group LLC boosted its stake in Invesco S&P 500 Downside Hedged ETF by 17.0% in the fourth quarter. Private Advisor Group LLC now owns 103,987 shares of the company’s stock valued at $3,874,000 after acquiring an additional 15,073 shares during the period. Lunt Capital Management Inc. grew its holdings in shares of Invesco S&P 500 Downside Hedged ETF by 19.7% during the fourth quarter. Lunt Capital Management Inc. now owns 62,561 shares of the company’s stock valued at $2,330,000 after purchasing an additional 10,282 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Invesco S&P 500 Downside Hedged ETF by 7.2% during the 4th quarter. Geneos Wealth Management Inc. now owns 42,084 shares of the company’s stock worth $1,568,000 after purchasing an additional 2,836 shares during the period. Finally, Kovack Advisors Inc. lifted its holdings in shares of Invesco S&P 500 Downside Hedged ETF by 1.3% in the 4th quarter. Kovack Advisors Inc. now owns 40,849 shares of the company’s stock worth $1,522,000 after purchasing an additional 518 shares during the last quarter.

Invesco S&P 500 Downside Hedged ETF Stock Performance

PHDG stock opened at $37.55 on Tuesday. The stock’s fifty day moving average is $38.03 and its two-hundred day moving average is $38.09. The stock has a market capitalization of $112.65 million, a price-to-earnings ratio of 27.28 and a beta of 0.36. Invesco S&P 500 Downside Hedged ETF has a 1 year low of $35.02 and a 1 year high of $39.40.

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.