Invesco S&P 500 High Dividend Low Volatility ETF
SPHD
338 hedge funds and large institutions have $991M invested in Invesco S&P 500 High Dividend Low Volatility ETF in 2025 Q4 according to their latest regulatory filings, with 45 funds opening new positions, 116 increasing their positions, 105 reducing their positions, and 31 closing their positions.
218% more call options, than puts
Call options by funds: $2.04M | Put options by funds: $643K
150% more funds holding in top 10
Funds holding in top 10: 2 → 5 (+3)
45% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 31
10% more repeat investments, than reductions
Existing positions increased: 116 | Existing positions reduced: 105
1% more funds holding
Funds holding: 334 → 338 (+4)
0.19% less ownership
Funds ownership: 32.99% → 32.8% (-0.19%)
5% less capital invested
Capital invested by funds: $1.05B → $991M (-$57.6M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
+$18.2M |
| 2 |
TA
TLS Advisors
Miami,
Florida
|
+$11.7M |
| 3 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
+$11.2M |
| 4 |
SW
SteelPeak Wealth
Woodland Hills,
California
|
+$6.21M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$5.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
-$32.5M |
| 2 |
Morgan Stanley
New York
|
-$20.4M |
| 3 |
EH
Equitable Holdings
New York
|
-$8.07M |
| 4 |
LPL Financial
San Diego,
California
|
-$6.84M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$3.37M |
SPHD Hedge Fund Activity: Q4 2025 in Review
338 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) for Q4 2025, worth a combined $991M — down 5.5% from $1.05B a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new SPHD positions and 31 closed out — a net gain of 14 holders — while 116 added to existing stakes and 105 trimmed.
The largest buyer was Stifel Financial, adding an estimated $18.2M. The largest seller was Two Sigma Investments, cutting an estimated $32.5M.
- 338 institutional investors held Invesco S&P 500 High Dividend Low Volatility ETF (SPHD) as of Q4 2025, up from 334 in Q3 2025.
- Funds reported $991M of Invesco S&P 500 High Dividend Low Volatility ETF stock for Q4 2025, down 5.5% quarter-over-quarter.
- 45 funds opened new Invesco S&P 500 High Dividend Low Volatility ETF positions in Q4 2025 and 31 closed out, a net change of +14 holders.
- The largest Invesco S&P 500 High Dividend Low Volatility ETF buyer in Q4 2025 was Stifel Financial, an estimated $18.2M added.
- The largest Invesco S&P 500 High Dividend Low Volatility ETF seller in Q4 2025 was Two Sigma Investments, an estimated $32.5M sold.
Based on aggregated 13F filings for Q4 2025.