Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Sees Unusually-High Trading Volume – Still a Buy?

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV – Get Free Report) saw unusually-strong trading volume on Thursday. 93,219 shares changed hands during trading, an increase of 323% from the previous session’s volume of 22,054 shares. The stock last traded at $65.6940 and had previously closed at $64.80.

Invesco S&P MidCap Low Volatility ETF Stock Up 1.5%

The company has a market cap of $720.29 million, a price-to-earnings ratio of 18.75 and a beta of 0.68. The company’s 50-day moving average is $65.80 and its 200 day moving average is $66.02.

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

Several hedge funds have recently modified their holdings of XMLV. Western Wealth Management LLC acquired a new stake in shares of Invesco S&P MidCap Low Volatility ETF during the 1st quarter valued at about $71,000. Integrated Wealth Concepts LLC acquired a new position in Invesco S&P MidCap Low Volatility ETF in the 2nd quarter worth about $122,000. Kestra Private Wealth Services LLC raised its holdings in Invesco S&P MidCap Low Volatility ETF by 15.0% in the 1st quarter. Kestra Private Wealth Services LLC now owns 4,642 shares of the company’s stock worth $292,000 after purchasing an additional 607 shares during the period. Fifth Third Bancorp raised its holdings in Invesco S&P MidCap Low Volatility ETF by 25.4% in the 1st quarter. Fifth Third Bancorp now owns 5,633 shares of the company’s stock worth $355,000 after purchasing an additional 1,141 shares during the period. Finally, Citadel Advisors LLC purchased a new position in Invesco S&P MidCap Low Volatility ETF during the second quarter worth approximately $555,000.

About Invesco S&P MidCap Low Volatility ETF

(Get Free Report)

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.

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