Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Sets New 52-Week High – Should You Buy?

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) shares reached a new 52-week high on Tuesday . The stock traded as high as $66.58 and last traded at $66.50, with a volume of 2317 shares changing hands. The stock had previously closed at $65.91.

Invesco S&P MidCap Low Volatility ETF Trading Up 0.1%

The stock’s 50-day moving average price is $63.88 and its 200-day moving average price is $63.28. The company has a market cap of $780.39 million, a P/E ratio of 18.75 and a beta of 0.76.

Institutional Investors Weigh In On Invesco S&P MidCap Low Volatility ETF

A number of hedge funds have recently added to or reduced their stakes in XMLV. Dynamic Advisor Solutions LLC raised its position in shares of Invesco S&P MidCap Low Volatility ETF by 3.1% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 6,696 shares of the company’s stock worth $418,000 after purchasing an additional 201 shares during the period. Ameritas Advisory Services LLC increased its stake in Invesco S&P MidCap Low Volatility ETF by 2.1% during the 3rd quarter. Ameritas Advisory Services LLC now owns 10,326 shares of the company’s stock valued at $656,000 after purchasing an additional 216 shares in the last quarter. HRT Financial LP raised its holdings in Invesco S&P MidCap Low Volatility ETF by 7.5% during the fourth quarter. HRT Financial LP now owns 3,419 shares of the company’s stock worth $213,000 after buying an additional 240 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Invesco S&P MidCap Low Volatility ETF by 2.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,962 shares of the company’s stock worth $754,000 after buying an additional 250 shares during the last quarter. Finally, Atria Wealth Solutions Inc. lifted its stake in shares of Invesco S&P MidCap Low Volatility ETF by 3.1% in the second quarter. Atria Wealth Solutions Inc. now owns 8,879 shares of the company’s stock valued at $548,000 after buying an additional 263 shares in the last quarter.

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.