Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Reaches New 1-Year High – Here’s Why

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $63.63 and last traded at $63.51, with a volume of 2395 shares traded. The stock had previously closed at $61.55.

Invesco S&P MidCap Low Volatility ETF Stock Up 1.1 %

The firm has a 50-day simple moving average of $60.92 and a 200 day simple moving average of $58.07. The company has a market cap of $922.80 million, a price-to-earnings ratio of 17.33 and a beta of 0.72.

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

Several hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC raised its stake in shares of Invesco S&P MidCap Low Volatility ETF by 375.0% during the third quarter. Farther Finance Advisors LLC now owns 494 shares of the company’s stock worth $30,000 after purchasing an additional 390 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Invesco S&P MidCap Low Volatility ETF in the second quarter valued at about $35,000. PSI Advisors LLC increased its stake in shares of Invesco S&P MidCap Low Volatility ETF by 144.2% during the second quarter. PSI Advisors LLC now owns 923 shares of the company’s stock worth $51,000 after acquiring an additional 545 shares during the period. Massmutual Trust Co. FSB ADV acquired a new stake in Invesco S&P MidCap Low Volatility ETF in the third quarter valued at about $59,000. Finally, Rothschild Investment LLC purchased a new stake in Invesco S&P MidCap Low Volatility ETF in the 2nd quarter valued at approximately $110,000.

Invesco S&P MidCap Low Volatility ETF Company Profile

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.