Kovack Advisors Inc. Sells 2,510 Shares of Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV)

Kovack Advisors Inc. decreased its position in Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) by 13.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,894 shares of the company’s stock after selling 2,510 shares during the quarter. Kovack Advisors Inc.’s holdings in Invesco S&P 500 Low Volatility ETF were worth $996,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Keystone Financial Group lifted its position in Invesco S&P 500 Low Volatility ETF by 282.2% in the 3rd quarter. Keystone Financial Group now owns 55,594 shares of the company’s stock worth $3,268,000 after buying an additional 41,047 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in Invesco S&P 500 Low Volatility ETF in the 3rd quarter worth approximately $32,584,000. Kingswood Wealth Advisors LLC increased its stake in Invesco S&P 500 Low Volatility ETF by 70.4% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 11,416 shares of the company’s stock worth $715,000 after purchasing an additional 4,715 shares during the period. FDx Advisors Inc. purchased a new position in Invesco S&P 500 Low Volatility ETF in the 3rd quarter worth approximately $2,328,000. Finally, Townsquare Capital LLC increased its stake in Invesco S&P 500 Low Volatility ETF by 102.2% in the 3rd quarter. Townsquare Capital LLC now owns 92,925 shares of the company’s stock worth $5,463,000 after purchasing an additional 46,958 shares during the period.

Invesco S&P 500 Low Volatility ETF Price Performance

Invesco S&P 500 Low Volatility ETF stock traded down $0.41 during trading hours on Friday, reaching $63.90. The company had a trading volume of 1,828,357 shares, compared to its average volume of 2,194,608. The company has a 50-day moving average price of $64.36 and a 200 day moving average price of $62.44. The firm has a market cap of $7.29 billion, a price-to-earnings ratio of 22.84 and a beta of 0.49. Invesco S&P 500 Low Volatility ETF has a 12-month low of $57.17 and a 12-month high of $65.99.

About Invesco S&P 500 Low Volatility ETF

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.