PNC Financial Services Group Inc. Cuts Stake in Invesco S&P 500 Low Volatility ETF $SPLV

PNC Financial Services Group Inc. lessened its holdings in shares of Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,107,443 shares of the company’s stock after selling 33,351 shares during the period. PNC Financial Services Group Inc. owned approximately 1.05% of Invesco S&P 500 Low Volatility ETF worth $81,375,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bangor Savings Bank increased its position in Invesco S&P 500 Low Volatility ETF by 681.0% during the 3rd quarter. Bangor Savings Bank now owns 453 shares of the company’s stock valued at $33,000 after buying an additional 395 shares in the last quarter. Lavaca Capital LLC purchased a new stake in shares of Invesco S&P 500 Low Volatility ETF during the second quarter worth about $59,000. AlphaCore Capital LLC increased its holdings in shares of Invesco S&P 500 Low Volatility ETF by 313.0% during the second quarter. AlphaCore Capital LLC now owns 950 shares of the company’s stock valued at $69,000 after acquiring an additional 720 shares in the last quarter. Corundum Trust Company INC acquired a new position in shares of Invesco S&P 500 Low Volatility ETF during the third quarter valued at about $73,000. Finally, Solstein Capital LLC raised its position in shares of Invesco S&P 500 Low Volatility ETF by 95.4% in the 2nd quarter. Solstein Capital LLC now owns 1,024 shares of the company’s stock valued at $75,000 after purchasing an additional 500 shares during the last quarter.

Invesco S&P 500 Low Volatility ETF Stock Up 0.9%

SPLV stock opened at $75.85 on Monday. The firm has a 50 day moving average of $72.56 and a 200 day moving average of $72.59. The stock has a market capitalization of $7.76 billion, a PE ratio of 24.11 and a beta of 0.62. Invesco S&P 500 Low Volatility ETF has a 52 week low of $67.13 and a 52 week high of $76.09.

Invesco S&P 500 Low Volatility ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were paid a $0.1347 dividend. This is a positive change from Invesco S&P 500 Low Volatility ETF’s previous monthly dividend of $0.13. The ex-dividend date was Tuesday, January 20th. This represents a c) dividend on an annualized basis and a yield of 2.1%.

Invesco S&P 500 Low Volatility ETF 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.