Orion Portfolio Solutions LLC Sells 1,742 Shares of Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG)

Orion Portfolio Solutions LLC lowered its position in shares of Invesco S&P 500 Downside Hedged ETF (NYSEARCA:PHDG) by 9.3% during the third quarter, Holdings Channel.com reports. The firm owned 17,085 shares of the company’s stock after selling 1,742 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Invesco S&P 500 Downside Hedged ETF were worth $653,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in PHDG. Jane Street Group LLC increased its position in Invesco S&P 500 Downside Hedged ETF by 57.0% during the 3rd quarter. Jane Street Group LLC now owns 11,392 shares of the company’s stock worth $435,000 after buying an additional 4,136 shares during the period. Wolverine Trading LLC acquired a new position in shares of Invesco S&P 500 Downside Hedged ETF in the third quarter valued at about $371,000. Philip James Wealth Mangement LLC increased its position in Invesco S&P 500 Downside Hedged ETF by 4.4% during the third quarter. Philip James Wealth Mangement LLC now owns 111,890 shares of the company’s stock worth $4,275,000 after acquiring an additional 4,669 shares during the period. Lunt Capital Management Inc. raised its stake in Invesco S&P 500 Downside Hedged ETF by 17.9% in the 3rd quarter. Lunt Capital Management Inc. now owns 52,279 shares of the company’s stock worth $1,998,000 after purchasing an additional 7,928 shares in the last quarter. Finally, Silver Oak Securities Incorporated boosted its holdings in Invesco S&P 500 Downside Hedged ETF by 319.9% in the 3rd quarter. Silver Oak Securities Incorporated now owns 18,801 shares of the company’s stock valued at $716,000 after purchasing an additional 14,323 shares during the period.

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

Shares of PHDG opened at $39.18 on Tuesday. The stock has a market capitalization of $125.38 million, a PE ratio of 22.68 and a beta of 0.68. The firm’s 50 day moving average is $38.42 and its 200-day moving average is $37.87. Invesco S&P 500 Downside Hedged ETF has a 12 month low of $33.48 and a 12 month high of $39.40.

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.