Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Trading Up 0.2% – Still a Buy?

Shares of Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) shot up 0.2% during mid-day trading on Thursday . The company traded as high as $65.03 and last traded at $64.75. 19,858 shares were traded during trading, a decline of 18% from the average session volume of 24,084 shares. The stock had previously closed at $64.62.

Invesco S&P MidCap Low Volatility ETF Stock Performance

The firm has a market cap of $736.86 million, a P/E ratio of 18.75 and a beta of 0.69. The company’s 50 day moving average is $65.12 and its 200 day moving average is $64.50.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Basepoint Wealth LLC bought a new stake in Invesco S&P MidCap Low Volatility ETF during the 4th quarter worth $29,000. Flagship Harbor Advisors LLC bought a new position in Invesco S&P MidCap Low Volatility ETF in the fourth quarter valued at about $33,000. Geneos Wealth Management Inc. grew its holdings in shares of Invesco S&P MidCap Low Volatility ETF by 254.8% during the first quarter. Geneos Wealth Management Inc. now owns 628 shares of the company’s stock worth $39,000 after purchasing an additional 451 shares during the last quarter. Laurel Wealth Advisors LLC bought a new stake in shares of Invesco S&P MidCap Low Volatility ETF during the fourth quarter worth about $40,000. Finally, Larson Financial Group LLC increased its stake in shares of Invesco S&P MidCap Low Volatility ETF by 172.8% in the third quarter. Larson Financial Group LLC now owns 622 shares of the company’s stock valued at $40,000 after buying an additional 394 shares during the period.

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.