Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Sees Unusually-High Trading Volume – What’s Next?

Shares of Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) saw an uptick in trading volume on Wednesday . 94,752 shares changed hands during trading, an increase of 161% from the previous session’s volume of 36,277 shares.The stock last traded at $61.53 and had previously closed at $61.82.

Invesco S&P MidCap Low Volatility ETF Trading Down 0.4 %

The firm has a market capitalization of $777.74 million, a price-to-earnings ratio of 18.03 and a beta of 0.83. The stock’s 50-day moving average is $61.52 and its 200-day moving average is $61.71.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of XMLV. CFS Investment Advisory Services LLC bought a new stake in Invesco S&P MidCap Low Volatility ETF during the 3rd quarter worth $315,000. Daiwa Securities Group Inc. bought a new stake in shares of Invesco S&P MidCap Low Volatility ETF during the third quarter worth about $372,000. FMR LLC increased its stake in shares of Invesco S&P MidCap Low Volatility ETF by 51.5% in the third quarter. FMR LLC now owns 5,217 shares of the company’s stock valued at $318,000 after buying an additional 1,774 shares during the period. Stifel Financial Corp raised its holdings in Invesco S&P MidCap Low Volatility ETF by 61.3% in the 3rd quarter. Stifel Financial Corp now owns 67,398 shares of the company’s stock valued at $4,114,000 after buying an additional 25,618 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in Invesco S&P MidCap Low Volatility ETF by 88.8% during the 3rd quarter. Jane Street Group LLC now owns 14,457 shares of the company’s stock worth $882,000 after buying an additional 6,798 shares during the period.

About Invesco S&P MidCap Low Volatility ETF

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.