Modern Wealth Management LLC Invests $8.28 Million in Invesco S&P Emerging Markets Low Volatility ETF $EELV

Modern Wealth Management LLC acquired a new stake in Invesco S&P Emerging Markets Low Volatility ETF (NYSEARCA:EELVFree Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 293,696 shares of the company’s stock, valued at approximately $8,279,000. Modern Wealth Management LLC owned 1.92% of Invesco S&P Emerging Markets Low Volatility ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in EELV. Smartleaf Asset Management LLC grew its stake in Invesco S&P Emerging Markets Low Volatility ETF by 135.2% during the second quarter. Smartleaf Asset Management LLC now owns 1,291 shares of the company’s stock worth $34,000 after purchasing an additional 742 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Invesco S&P Emerging Markets Low Volatility ETF in the fourth quarter valued at approximately $40,000. Arax Advisory Partners acquired a new position in Invesco S&P Emerging Markets Low Volatility ETF in the fourth quarter valued at approximately $43,000. Comerica Bank lifted its stake in Invesco S&P Emerging Markets Low Volatility ETF by 23.6% in the fourth quarter. Comerica Bank now owns 1,956 shares of the company’s stock valued at $54,000 after buying an additional 373 shares during the period. Finally, Fifth Third Bancorp bought a new position in shares of Invesco S&P Emerging Markets Low Volatility ETF during the 1st quarter worth approximately $55,000.

Invesco S&P Emerging Markets Low Volatility ETF Stock Up 0.4%

Shares of EELV stock opened at $28.19 on Friday. The company has a market cap of $427.08 million, a price-to-earnings ratio of 12.64 and a beta of 0.43. Invesco S&P Emerging Markets Low Volatility ETF has a 52 week low of $25.64 and a 52 week high of $29.97. The firm has a 50 day moving average of $28.28 and a 200-day moving average of $28.57.

Insiders Place Their Bets

In related news, CEO Gail Boudreaux purchased 2,725 shares of Invesco S&P Emerging Markets Low Volatility ETF stock in a transaction on Friday, July 17th. The stock was acquired at an average cost of $367.79 per share, for a total transaction of $1,002,227.75. Following the completion of the acquisition, the chief executive officer owned 171,976 shares of the company’s stock, valued at $63,251,053.04. This trade represents a 1.61% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ramiro G. Peru purchased 1,000 shares of the firm’s stock in a transaction on Friday, July 17th. The stock was bought at an average cost of $366.05 per share, with a total value of $366,050.00. Following the completion of the purchase, the director owned 10,908 shares of the company’s stock, valued at approximately $3,992,873.40. This represents a 10.09% increase in their position. The disclosure for this purchase is available in the SEC filing.

About Invesco S&P Emerging Markets Low Volatility ETF

(Free Report)

The Invesco S&P Emerging Markets Low Volatility ETF (EELV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a volatility-weighted index of emerging markets firms. EELV was launched on Jan 13, 2012 and is managed by Invesco.

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Institutional Ownership by Quarter for Invesco S&P Emerging Markets Low Volatility ETF (NYSEARCA:EELV)

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