Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) Hits New 12-Month High – Should You Buy?

Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $76.58 and last traded at $76.0240, with a volume of 604461 shares changing hands. The stock had previously closed at $75.85.

Invesco S&P 500 Low Volatility ETF Stock Up 0.4%

The firm has a 50-day simple moving average of $72.87 and a 200 day simple moving average of $72.66. The company has a market cap of $7.76 billion, a price-to-earnings ratio of 24.11 and a beta of 0.62.

Invesco S&P 500 Low Volatility ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were given a $0.1347 dividend. This is a boost from Invesco S&P 500 Low Volatility ETF’s previous monthly dividend of $0.13. The ex-dividend date was Tuesday, January 20th. This represents a c) annualized dividend and a yield of 2.1%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Dominguez Wealth Management Solutions Inc. grew its holdings in Invesco S&P 500 Low Volatility ETF by 7.4% in the third quarter. Dominguez Wealth Management Solutions Inc. now owns 145,913 shares of the company’s stock valued at $10,722,000 after purchasing an additional 10,080 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Invesco S&P 500 Low Volatility ETF by 10.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 105,818 shares of the company’s stock valued at $7,706,000 after purchasing an additional 9,628 shares during the last quarter. Armbruster Capital Management Inc. boosted its holdings in shares of Invesco S&P 500 Low Volatility ETF by 5.1% in the 3rd quarter. Armbruster Capital Management Inc. now owns 482,394 shares of the company’s stock valued at $35,446,000 after purchasing an additional 23,531 shares during the last quarter. Allworth Financial LP grew its stake in shares of Invesco S&P 500 Low Volatility ETF by 0.9% during the 2nd quarter. Allworth Financial LP now owns 85,996 shares of the company’s stock valued at $6,262,000 after buying an additional 741 shares during the period. Finally, Asset Allocation Strategies LLC increased its holdings in shares of Invesco S&P 500 Low Volatility ETF by 67.9% during the 3rd quarter. Asset Allocation Strategies LLC now owns 87,460 shares of the company’s stock worth $6,427,000 after buying an additional 35,371 shares during the last quarter.

Invesco S&P 500 Low Volatility ETF Company Profile

The Invesco S&P 500 Low Volatility ETF (SPLV) is an exchange-traded fund that is based on the S&P 500 Low Volatility index. The fund tracks a volatility-weighted index of the 100 least-volatile stocks in the S&P 500. SPLV was launched on May 5, 2011 and is managed by Invesco.