Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Hits New 1-Year High – Still a Buy?

Shares of Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLVGet Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $69.54 and last traded at $69.44, with a volume of 4364 shares changing hands. The stock had previously closed at $69.19.

Invesco S&P MidCap Low Volatility ETF Stock Up 0.9%

The company has a market capitalization of $766.25 million, a price-to-earnings ratio of 18.75 and a beta of 0.69. The company has a 50 day simple moving average of $66.22 and a 200 day simple moving average of $65.37.

Institutional Trading of Invesco S&P MidCap Low Volatility ETF

A number of institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco S&P MidCap Low Volatility ETF by 1,305.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,068,856 shares of the company’s stock valued at $66,665,000 after buying an additional 992,830 shares during the period. Harbour Investments Inc. grew its stake in Invesco S&P MidCap Low Volatility ETF by 26.3% during the fourth quarter. Harbour Investments Inc. now owns 40,156 shares of the company’s stock worth $2,504,000 after buying an additional 8,365 shares during the period. Tempo Wealth LLC purchased a new stake in Invesco S&P MidCap Low Volatility ETF during the fourth quarter worth approximately $1,204,000. DORVAL Corp increased its position in shares of Invesco S&P MidCap Low Volatility ETF by 3.7% in the fourth quarter. DORVAL Corp now owns 254,042 shares of the company’s stock worth $15,844,000 after acquiring an additional 9,127 shares in the last quarter. Finally, Mosaic Family Wealth Partners LLC acquired a new stake in shares of Invesco S&P MidCap Low Volatility ETF in the first quarter worth $695,000.

Invesco S&P MidCap Low Volatility ETF Company Profile

(Get Free Report)

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.

Further Reading

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