Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Sets 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 on Thursday . The company traded as high as $68.48 and last traded at $68.48, with a volume of 5415 shares traded. The stock had previously closed at $67.30.

Invesco S&P MidCap Low Volatility ETF Trading Up 2.0%

The firm has a market capitalization of $756.74 million, a price-to-earnings ratio of 18.75 and a beta of 0.69. The stock’s fifty day moving average price is $65.52 and its two-hundred day moving average price is $64.99.

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

Several institutional investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC purchased a new position in Invesco S&P MidCap Low Volatility ETF in the first quarter valued at approximately $71,000. Liberty One Investment Management LLC boosted its stake in Invesco S&P MidCap Low Volatility ETF by 8.1% in the first quarter. Liberty One Investment Management LLC now owns 33,638 shares of the company’s stock valued at $2,118,000 after acquiring an additional 2,516 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Invesco S&P MidCap Low Volatility ETF by 19.0% during the first quarter. Cetera Investment Advisers now owns 105,074 shares of the company’s stock worth $6,616,000 after purchasing an additional 16,793 shares during the last quarter. Pacific Sun Financial Corp increased its position in shares of Invesco S&P MidCap Low Volatility ETF by 1.4% during the first quarter. Pacific Sun Financial Corp now owns 20,765 shares of the company’s stock worth $1,308,000 after purchasing an additional 290 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Invesco S&P MidCap Low Volatility ETF by 25.4% in the 1st quarter. Fifth Third Bancorp now owns 5,633 shares of the company’s stock valued at $355,000 after purchasing an additional 1,141 shares during the last quarter.

About Invesco S&P MidCap Low Volatility ETF

(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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