Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Sets New 52-Week High – Still a Buy?

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) shares reached a new 52-week high on Wednesday . The company traded as high as $65.04 and last traded at $65.0640, with a volume of 8912 shares. The stock had previously closed at $64.30.

Invesco S&P MidCap Low Volatility ETF Trading Up 1.2%

The firm has a 50-day moving average price of $63.38 and a 200-day moving average price of $63.02. The company has a market capitalization of $766.94 million, a price-to-earnings ratio of 18.75 and a beta of 0.76.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of XMLV. Dynamic Advisor Solutions LLC lifted its holdings in Invesco S&P MidCap Low Volatility ETF by 3.1% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 6,696 shares of the company’s stock valued at $418,000 after acquiring an additional 201 shares during the last quarter. Ameritas Advisory Services LLC grew its stake in shares of Invesco S&P MidCap Low Volatility ETF by 2.1% in the 3rd quarter. Ameritas Advisory Services LLC now owns 10,326 shares of the company’s stock worth $656,000 after purchasing an additional 216 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Invesco S&P MidCap Low Volatility ETF by 2.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,962 shares of the company’s stock worth $754,000 after purchasing an additional 250 shares during the last quarter. Atria Wealth Solutions Inc. raised its holdings in shares of Invesco S&P MidCap Low Volatility ETF by 3.1% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 8,879 shares of the company’s stock worth $548,000 after purchasing an additional 263 shares in the last quarter. Finally, Creative Planning lifted its stake in Invesco S&P MidCap Low Volatility ETF by 6.3% during the second quarter. Creative Planning now owns 5,634 shares of the company’s stock valued at $347,000 after purchasing an additional 336 shares during the last quarter.

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.