Equitable Holdings Inc. Purchases 480,090 Shares of Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG)

Equitable Holdings Inc. increased its position in Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) by 352.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 616,408 shares of the company’s stock after acquiring an additional 480,090 shares during the quarter. Equitable Holdings Inc. owned 0.09% of Invesco S&P 500 Downside Hedged ETF worth $20,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. OLD Mission Capital LLC bought a new stake in shares of Invesco S&P 500 Downside Hedged ETF in the first quarter worth $1,345,000. Private Advisor Group LLC bought a new stake in shares of Invesco S&P 500 Downside Hedged ETF in the first quarter worth $4,200,000. Clearstead Advisors LLC grew its holdings in shares of Invesco S&P 500 Downside Hedged ETF by 55.9% in the first quarter. Clearstead Advisors LLC now owns 1,274 shares of the company’s stock worth $42,000 after acquiring an additional 457 shares during the period. Capital Analysts LLC grew its holdings in shares of Invesco S&P 500 Downside Hedged ETF by 19.8% in the first quarter. Capital Analysts LLC now owns 29,609 shares of the company’s stock worth $973,000 after acquiring an additional 4,890 shares during the period. Finally, HHM Wealth Advisors LLC bought a new stake in shares of Invesco S&P 500 Downside Hedged ETF in the first quarter worth $167,000.

Invesco S&P 500 Downside Hedged ETF Price Performance

Shares of PHDG opened at $32.34 on Monday. The firm has a market capitalization of $164.93 million, a P/E ratio of 18.44 and a beta of 0.36. The business has a fifty day moving average of $33.26 and a 200 day moving average of $32.90. Invesco S&P 500 Downside Hedged ETF has a one year low of $30.08 and a one year high of $35.71.

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.