Invesco S&P International Developed Low Volatility ETF (NYSEARCA:IDLV) Stock Jumps 1.1% – Still a Buy?

Invesco S&P International Developed Low Volatility ETF (NYSEARCA:IDLV)’s share price rose 1.1% on Monday. The stock traded as high as $36.74 and last traded at $36.01. 48,441 shares traded hands during mid-day trading, an increase of 31% from the average session volume of 36,918 shares. The stock had previously closed at $35.63.

Invesco S&P International Developed Low Volatility ETF Trading Up 1.1%

The firm has a market cap of $336.69 million, a PE ratio of 17.78 and a beta of 0.49. The stock has a 50 day simple moving average of $35.21 and a 200-day simple moving average of $35.25.

Hedge Funds Weigh In On Invesco S&P International Developed Low Volatility ETF

A number of hedge funds have recently made changes to their positions in IDLV. Whitaker Myers Wealth Managers LTD. raised its stake in Invesco S&P International Developed Low Volatility ETF by 12.5% during the 2nd quarter. Whitaker Myers Wealth Managers LTD. now owns 511,114 shares of the company’s stock valued at $17,630,000 after purchasing an additional 56,755 shares during the period. Bank of America Corp DE lifted its holdings in Invesco S&P International Developed Low Volatility ETF by 11.9% in the 1st quarter. Bank of America Corp DE now owns 133,656 shares of the company’s stock worth $4,605,000 after purchasing an additional 14,187 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Invesco S&P International Developed Low Volatility ETF by 46.9% in the 1st quarter. Bank of New York Mellon Corp now owns 1,513,405 shares of the company’s stock worth $52,142,000 after purchasing an additional 483,277 shares in the last quarter. Citadel Advisors LLC boosted its stake in Invesco S&P International Developed Low Volatility ETF by 35.6% in the 2nd quarter. Citadel Advisors LLC now owns 15,852 shares of the company’s stock worth $547,000 after purchasing an additional 4,163 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in Invesco S&P International Developed Low Volatility ETF by 5.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 91,295 shares of the company’s stock worth $3,149,000 after purchasing an additional 4,503 shares during the period.

About Invesco S&P International Developed Low Volatility ETF

The Invesco S&P International Developed Low Volatility ETF (IDLV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of about 200 stocks showing low price volatility pulled from the S&P Developed ex-US and South Korea LargeMidCap BMI Index. IDLV was launched on Jan 13, 2012 and is managed by Invesco.