PNC Financial Services Group Inc. Reduces Stake in Invesco S&P 500 Low Volatility ETF $SPLV

PNC Financial Services Group Inc. cut its holdings in shares of Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) by 2.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,107,443 shares of the company’s stock after selling 33,351 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Invesco S&P 500 Low Volatility ETF were worth $81,375,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. AdvisorShares Investments LLC acquired a new stake in shares of Invesco S&P 500 Low Volatility ETF in the second quarter worth $54,539,000. Vestmark Advisory Solutions Inc. purchased a new stake in Invesco S&P 500 Low Volatility ETF in the second quarter valued at $32,580,000. Ameriprise Financial Inc. grew its position in Invesco S&P 500 Low Volatility ETF by 26.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,016,453 shares of the company’s stock worth $147,348,000 after purchasing an additional 423,940 shares during the period. Berman McAleer LLC purchased a new position in shares of Invesco S&P 500 Low Volatility ETF during the 3rd quarter valued at about $25,964,000. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of Invesco S&P 500 Low Volatility ETF by 1,097.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 371,371 shares of the company’s stock valued at $27,043,000 after buying an additional 340,359 shares during the period.

Invesco S&P 500 Low Volatility ETF Stock Up 0.9%

Shares of SPLV opened at $75.85 on Monday. The company has a market capitalization of $7.76 billion, a price-to-earnings ratio of 24.11 and a beta of 0.62. Invesco S&P 500 Low Volatility ETF has a 52 week low of $67.13 and a 52 week high of $76.09. The stock’s 50-day moving average price is $72.56 and its 200-day moving average price is $72.59.

Invesco S&P 500 Low Volatility ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were paid a dividend of $0.1347 per share. 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 positive change from Invesco S&P 500 Low Volatility ETF’s previous monthly dividend of $0.13.

Invesco S&P 500 Low Volatility ETF 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.