Prosperity Wealth Management Inc. Reduces Holdings in Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV)

Prosperity Wealth Management Inc. trimmed its holdings in Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) by 5.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,931 shares of the company’s stock after selling 493 shares during the quarter. Prosperity Wealth Management Inc.’s holdings in Invesco S&P 500 Low Volatility ETF were worth $555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of SPLV. Sheets Smith Wealth Management grew its stake in shares of Invesco S&P 500 Low Volatility ETF by 0.5% in the fourth quarter. Sheets Smith Wealth Management now owns 32,764 shares of the company’s stock worth $2,293,000 after acquiring an additional 178 shares during the period. Ulland Investment Advisors LLC raised its position in shares of Invesco S&P 500 Low Volatility ETF by 28.6% during the fourth quarter. Ulland Investment Advisors LLC now owns 900 shares of the company’s stock valued at $63,000 after buying an additional 200 shares during the last quarter. Magnus Financial Group LLC increased its position in Invesco S&P 500 Low Volatility ETF by 1.8% in the fourth quarter. Magnus Financial Group LLC now owns 11,059 shares of the company’s stock worth $774,000 after purchasing an additional 200 shares during the last quarter. Harbour Investments Inc. increased its position in Invesco S&P 500 Low Volatility ETF by 5.4% in the third quarter. Harbour Investments Inc. now owns 3,902 shares of the company’s stock worth $280,000 after purchasing an additional 201 shares during the last quarter. Finally, Silverlake Wealth Management LLC increased its position in Invesco S&P 500 Low Volatility ETF by 0.9% during the fourth quarter. Silverlake Wealth Management LLC now owns 27,791 shares of the company’s stock valued at $1,945,000 after acquiring an additional 244 shares during the last quarter.

Invesco S&P 500 Low Volatility ETF Stock Down 1.8 %

SPLV stock opened at $72.85 on Wednesday. The stock has a market capitalization of $7.49 billion, a price-to-earnings ratio of 23.63 and a beta of 0.72. Invesco S&P 500 Low Volatility ETF has a twelve month low of $62.53 and a twelve month high of $75.43. The firm’s fifty day simple moving average is $71.80 and its two-hundred day simple moving average is $71.82.

About Invesco S&P 500 Low Volatility ETF

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.