Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Sees Unusually-High Trading Volume – Here’s Why

Shares of Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) saw strong trading volume on Friday . 93,356 shares traded hands during mid-day trading, an increase of 198% from the previous session’s volume of 31,289 shares.The stock last traded at $61.97 and had previously closed at $61.79.

Invesco S&P MidCap Low Volatility ETF Stock Performance

The firm has a market capitalization of $781.62 million, a P/E ratio of 18.62 and a beta of 0.85. The business has a 50 day simple moving average of $61.33 and a two-hundred day simple moving average of $61.50.

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

A number of institutional investors have recently added to or reduced their stakes in the business. REAP Financial Group LLC bought a new position in Invesco S&P MidCap Low Volatility ETF in the 4th quarter worth about $27,000. Sculati Wealth Management LLC increased its position in shares of Invesco S&P MidCap Low Volatility ETF by 4.8% during the 4th quarter. Sculati Wealth Management LLC now owns 131,540 shares of the company’s stock valued at $8,000,000 after purchasing an additional 6,080 shares during the last quarter. Richmond Investment Services LLC bought a new position in shares of Invesco S&P MidCap Low Volatility ETF during the 4th quarter valued at about $307,000. Obsidian Personal Planning Solutions LLC increased its position in shares of Invesco S&P MidCap Low Volatility ETF by 3.3% during the 4th quarter. Obsidian Personal Planning Solutions LLC now owns 124,478 shares of the company’s stock valued at $7,718,000 after purchasing an additional 4,019 shares during the last quarter. Finally, Baird Financial Group Inc. increased its position in shares of Invesco S&P MidCap Low Volatility ETF by 4.4% during the 4th quarter. Baird Financial Group Inc. now owns 143,571 shares of the company’s stock valued at $8,732,000 after purchasing an additional 5,986 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.