Invesco S&P 500 High Dividend Low Volatility ETF (SPHD)

The S&P 500 High Dividend Low Volatility Invesco ETF (SPHD) is an exchange-traded fund that seeks to track the investment results of the S&P 500 Low Volatility High Dividend Index. The fund's objective is to provide investment results that correspond generally to the price and yield performance of the index.

The S&P 500 Low Volatility High Dividend Index is designed to measure the performance of the top 50 least volatile high dividend-yielding stocks in the S&P 500 Index. The index selects stocks with the highest dividend yield and lowest volatility over the past 12 months. The index is rebalanced semi-annually in January and July.

It is popular among income-seeking investors who are looking for a higher yield than the broad market while minimizing the risk of volatility.