S&P 500 Downside Hedged ETF (PHDG) Hits a 52-Week High

For investors looking for momentum, Invesco S&P 500 Downside Hedged ETF PHDG is probably a suitable pick. The fund just hit a 52-week high by gaining 17.7% from its 52-week low price of $32.27/share. – Zacks Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:PHDG in FocusThe Invesco S&P 500 Downside Hedged ETF seeks to achieve positive total returns in rising or falling markets that are not directly correlated to broad