Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lessened its stake in Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) by 11.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 15,125 shares of the company’s stock after selling 1,960 shares during the period. Orion Portfolio Solutions LLC’s holdings in Invesco S&P 500 Downside Hedged ETF were worth $563,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wolverine Trading LLC acquired a new position in shares of Invesco S&P 500 Downside Hedged ETF in the third quarter valued at approximately $371,000. Jane Street Group LLC increased its stake in Invesco S&P 500 Downside Hedged ETF by 57.0% in the 3rd quarter. Jane Street Group LLC now owns 11,392 shares of the company’s stock valued at $435,000 after buying an additional 4,136 shares during the period. International Assets Investment Management LLC purchased a new position in Invesco S&P 500 Downside Hedged ETF during the 4th quarter worth $477,000. Silver Oak Securities Incorporated lifted its stake in shares of Invesco S&P 500 Downside Hedged ETF by 25.4% in the 4th quarter. Silver Oak Securities Incorporated now owns 23,585 shares of the company’s stock worth $882,000 after acquiring an additional 4,784 shares during the period. Finally, Fortis Group Advisors LLC boosted its holdings in shares of Invesco S&P 500 Downside Hedged ETF by 18.8% in the fourth quarter. Fortis Group Advisors LLC now owns 40,748 shares of the company’s stock valued at $1,518,000 after acquiring an additional 6,449 shares in the last quarter.

Invesco S&P 500 Downside Hedged ETF Stock Down 0.8 %

Shares of Invesco S&P 500 Downside Hedged ETF stock opened at $33.63 on Tuesday. The firm has a market cap of $105.93 million, a price-to-earnings ratio of 25.63 and a beta of 0.38. Invesco S&P 500 Downside Hedged ETF has a 52-week low of $33.24 and a 52-week high of $39.40. The company’s 50-day simple moving average is $37.31 and its 200-day simple moving average is $37.87.

Invesco S&P 500 Downside Hedged ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a dividend of $0.145 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.