Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Sees Strong Trading Volume – Time to Buy?

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) shares saw strong trading volume on Wednesday . 75,117 shares traded hands during mid-day trading, an increase of 124% from the previous session’s volume of 33,482 shares.The stock last traded at $62.50 and had previously closed at $62.90.

Invesco S&P MidCap Low Volatility ETF Price Performance

The firm has a market capitalization of $763.92 million, a PE ratio of 18.75 and a beta of 0.76. The stock has a 50-day moving average price of $62.80 and a 200-day moving average price of $62.68.

Hedge Funds Weigh In On Invesco S&P MidCap Low Volatility ETF

A number of institutional investors have recently made changes to their positions in XMLV. DORVAL Corp acquired a new position in Invesco S&P MidCap Low Volatility ETF in the second quarter worth about $14,445,000. MorganRosel Wealth Management LLC increased its position in Invesco S&P MidCap Low Volatility ETF by 655.5% in the second quarter. MorganRosel Wealth Management LLC now owns 97,900 shares of the company’s stock worth $6,037,000 after buying an additional 84,941 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Invesco S&P MidCap Low Volatility ETF by 348.8% during the first quarter. NewEdge Advisors LLC now owns 71,205 shares of the company’s stock valued at $4,395,000 after acquiring an additional 55,341 shares during the period. WBI Investments LLC bought a new position in shares of Invesco S&P MidCap Low Volatility ETF during the first quarter worth about $3,183,000. Finally, Laurel Wealth Advisors LLC increased its stake in shares of Invesco S&P MidCap Low Volatility ETF by 6,067.1% in the second quarter. Laurel Wealth Advisors LLC now owns 39,346 shares of the company’s stock valued at $2,426,000 after purchasing an additional 38,708 shares during the period.

Invesco S&P MidCap Low Volatility ETF Company Profile

The Invesco S&P MidCap Low Volatility ETF (XMLV) is an exchange-traded fund that is based on the S&P MidCap 400 Low Volatility index. The fund tracks a volatility-weighted index of the 80 least volatile S&P 400 companies. XMLV was launched on Feb 15, 2013 and is managed by Invesco.