Philip James Wealth Mangement LLC Has $4.28 Million Position in Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG)

Philip James Wealth Mangement LLC boosted its position in shares of Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) by 4.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 111,890 shares of the company’s stock after buying an additional 4,669 shares during the quarter. Philip James Wealth Mangement LLC owned approximately 3.50% of Invesco S&P 500 Downside Hedged ETF worth $4,275,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Fortis Group Advisors LLC acquired a new stake in Invesco S&P 500 Downside Hedged ETF during the 3rd quarter worth $1,311,000. Congress Park Capital LLC bought a new stake in Invesco S&P 500 Downside Hedged ETF in the third quarter valued at about $753,000. Silver Oak Securities Incorporated lifted its stake in Invesco S&P 500 Downside Hedged ETF by 319.9% in the third quarter. Silver Oak Securities Incorporated now owns 18,801 shares of the company’s stock valued at $716,000 after buying an additional 14,323 shares during the period. Patten Group Inc. boosted its holdings in Invesco S&P 500 Downside Hedged ETF by 15.2% during the third quarter. Patten Group Inc. now owns 106,831 shares of the company’s stock worth $4,082,000 after buying an additional 14,056 shares during the last quarter. Finally, Lunt Capital Management Inc. grew its position in shares of Invesco S&P 500 Downside Hedged ETF by 17.9% during the 3rd quarter. Lunt Capital Management Inc. now owns 52,279 shares of the company’s stock worth $1,998,000 after buying an additional 7,928 shares during the period.

Invesco S&P 500 Downside Hedged ETF Trading Up 1.1 %

Shares of NYSEARCA:PHDG traded up $0.41 during trading on Friday, hitting $38.16. 463 shares of the company’s stock traded hands, compared to its average volume of 14,451. The company has a 50-day moving average price of $37.99 and a 200-day moving average price of $37.38. Invesco S&P 500 Downside Hedged ETF has a 52 week low of $31.22 and a 52 week high of $39.40. The company has a market cap of $122.11 million, a price-to-earnings ratio of 22.68 and a beta of 0.68.

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.