Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) Reaches New 52-Week High – Here’s What Happened

Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV)’s share price reached a new 52-week high on Friday . The stock traded as high as $74.06 and last traded at $74.04, with a volume of 82345 shares changing hands. The stock had previously closed at $73.67.

Invesco S&P 500 Low Volatility ETF Stock Up 0.4 %

The business has a 50-day simple moving average of $72.02 and a 200-day simple moving average of $68.70. The company has a market cap of $8.00 billion, a PE ratio of 23.07 and a beta of 0.47.

Hedge Funds Weigh In On Invesco S&P 500 Low Volatility ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of SPLV. Assetmark Inc. lifted its position in shares of Invesco S&P 500 Low Volatility ETF by 70.6% during the third quarter. Assetmark Inc. now owns 1,363 shares of the company’s stock worth $98,000 after purchasing an additional 564 shares in the last quarter. Pinnacle Associates Ltd. lifted its holdings in Invesco S&P 500 Low Volatility ETF by 10.1% during the 3rd quarter. Pinnacle Associates Ltd. now owns 7,308 shares of the company’s stock worth $524,000 after buying an additional 670 shares in the last quarter. Simplicity Wealth LLC boosted its position in Invesco S&P 500 Low Volatility ETF by 115.5% in the 2nd quarter. Simplicity Wealth LLC now owns 6,813 shares of the company’s stock valued at $443,000 after buying an additional 3,652 shares during the period. Fifth Third Securities Inc. grew its stake in shares of Invesco S&P 500 Low Volatility ETF by 1.4% in the second quarter. Fifth Third Securities Inc. now owns 24,210 shares of the company’s stock worth $1,572,000 after acquiring an additional 336 shares in the last quarter. Finally, Ballast Inc. grew its stake in shares of Invesco S&P 500 Low Volatility ETF by 1.8% in the third quarter. Ballast Inc. now owns 191,645 shares of the company’s stock worth $13,747,000 after acquiring an additional 3,475 shares in the last quarter.

Invesco S&P 500 Low Volatility ETF Company 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.