Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) Sets New 1-Year High – Should You Buy?

Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $75.47 and last traded at $75.4720, with a volume of 1509551 shares trading hands. The stock had previously closed at $75.13.

Invesco S&P 500 Low Volatility ETF Price Performance

The firm has a market cap of $7.76 billion, a P/E ratio of 24.11 and a beta of 0.62. The stock’s 50 day moving average is $72.56 and its two-hundred day moving average is $72.60.

Invesco S&P 500 Low Volatility ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were issued a $0.1347 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, January 20th. This is a boost from Invesco S&P 500 Low Volatility ETF’s previous monthly dividend of $0.13.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. CreativeOne Wealth LLC grew its holdings in shares of Invesco S&P 500 Low Volatility ETF by 72.7% in the 4th quarter. CreativeOne Wealth LLC now owns 50,851 shares of the company’s stock worth $3,632,000 after purchasing an additional 21,408 shares during the last quarter. Kestra Advisory Services LLC boosted its position in Invesco S&P 500 Low Volatility ETF by 14.4% in the fourth quarter. Kestra Advisory Services LLC now owns 410,182 shares of the company’s stock valued at $29,295,000 after buying an additional 51,730 shares in the last quarter. Johnson Investment Counsel Inc. grew its stake in Invesco S&P 500 Low Volatility ETF by 1.6% during the fourth quarter. Johnson Investment Counsel Inc. now owns 22,773 shares of the company’s stock worth $1,626,000 after buying an additional 364 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Invesco S&P 500 Low Volatility ETF by 39.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,189 shares of the company’s stock worth $301,000 after buying an additional 1,191 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Invesco S&P 500 Low Volatility ETF by 3.7% during the fourth quarter. First Trust Advisors LP now owns 5,499 shares of the company’s stock worth $393,000 after buying an additional 198 shares in the last quarter.

Invesco S&P 500 Low Volatility ETF Company Profile

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.