First PREMIER Bank Trims Position in Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG)

First PREMIER Bank trimmed its position in Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 349,099 shares of the company’s stock after selling 2,770 shares during the quarter. Invesco S&P 500 Downside Hedged ETF accounts for approximately 3.3% of First PREMIER Bank’s holdings, making the stock its 4th biggest holding. First PREMIER Bank owned about 10.91% of Invesco S&P 500 Downside Hedged ETF worth $13,004,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Philip James Wealth Mangement LLC lifted its holdings in Invesco S&P 500 Downside Hedged ETF by 4.4% in the third quarter. Philip James Wealth Mangement LLC now owns 111,890 shares of the company’s stock valued at $4,275,000 after acquiring an additional 4,669 shares during the period. Patten Group Inc. increased its holdings in Invesco S&P 500 Downside Hedged ETF by 15.2% in the 3rd quarter. Patten Group Inc. now owns 106,831 shares of the company’s stock worth $4,082,000 after acquiring an additional 14,056 shares in the last quarter. Private Advisor Group LLC raised its stake in Invesco S&P 500 Downside Hedged ETF by 3.1% during the 3rd quarter. Private Advisor Group LLC now owns 88,914 shares of the company’s stock worth $3,397,000 after acquiring an additional 2,697 shares during the period. Lunt Capital Management Inc. lifted its holdings in Invesco S&P 500 Downside Hedged ETF by 17.9% during the third quarter. Lunt Capital Management Inc. now owns 52,279 shares of the company’s stock valued at $1,998,000 after purchasing an additional 7,928 shares in the last quarter. Finally, Fortis Group Advisors LLC bought a new position in shares of Invesco S&P 500 Downside Hedged ETF in the third quarter worth approximately $1,311,000.

Invesco S&P 500 Downside Hedged ETF Stock Performance

NYSEARCA:PHDG opened at $38.45 on Thursday. The stock’s fifty day moving average is $38.15 and its 200 day moving average is $37.99. The firm has a market capitalization of $123.04 million, a PE ratio of 22.68 and a beta of 0.68. Invesco S&P 500 Downside Hedged ETF has a fifty-two week low of $34.51 and a fifty-two week high of $39.40.

Invesco S&P 500 Downside Hedged ETF Company Profile

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.