Essex Financial Services Inc. Cuts Stock Position in Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD)

Essex Financial Services Inc. lessened its stake in Invesco S&P 500 High Dividend Low Volatility ETF (NYSEARCA:SPHD) by 9.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 7,822 shares of the company’s stock after selling 862 shares during the quarter. Essex Financial Services Inc.’s holdings in Invesco S&P 500 High Dividend Low Volatility ETF were worth $378,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPHD. Armstrong Advisory Group Inc. purchased a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF during the fourth quarter worth about $34,000. Castleview Partners LLC grew its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 190.0% during the third quarter. Castleview Partners LLC now owns 899 shares of the company’s stock worth $45,000 after acquiring an additional 589 shares during the last quarter. Crews Bank & Trust purchased a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF during the fourth quarter worth about $101,000. PDS Planning Inc purchased a new stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF during the third quarter worth about $207,000. Finally, Harbour Investments Inc. grew its stake in shares of Invesco S&P 500 High Dividend Low Volatility ETF by 5.0% during the third quarter. Harbour Investments Inc. now owns 4,216 shares of the company’s stock worth $213,000 after acquiring an additional 202 shares during the last quarter.

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

Shares of SPHD stock opened at $49.31 on Friday. Invesco S&P 500 High Dividend Low Volatility ETF has a fifty-two week low of $41.01 and a fifty-two week high of $51.89. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 17.13 and a beta of 0.64. The stock’s 50-day simple moving average is $48.66 and its 200-day simple moving average is $49.32.

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.