Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Reaches New 1-Year High – Should You Buy?

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $68.48 and last traded at $68.48, with a volume of 5415 shares. The stock had previously closed at $67.30.

Invesco S&P MidCap Low Volatility ETF Stock Down 0.4%

The company has a 50 day moving average price of $65.66 and a 200-day moving average price of $65.06. The company has a market cap of $753.97 million, a price-to-earnings ratio of 18.75 and a beta of 0.69.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its holdings in shares of Invesco S&P MidCap Low Volatility ETF by 12.5% during the first quarter. Royal Bank of Canada now owns 91,397 shares of the company’s stock worth $5,641,000 after purchasing an additional 10,181 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Invesco S&P MidCap Low Volatility ETF by 254.8% in the first quarter. Geneos Wealth Management Inc. now owns 628 shares of the company’s stock worth $39,000 after purchasing an additional 451 shares during the last quarter. Creative Planning increased its holdings in Invesco S&P MidCap Low Volatility ETF by 6.3% in the second quarter. Creative Planning now owns 5,634 shares of the company’s stock valued at $347,000 after purchasing an additional 336 shares during the period. Invesco Ltd. increased its holdings in Invesco S&P MidCap Low Volatility ETF by 5.3% in the second quarter. Invesco Ltd. now owns 7,012 shares of the company’s stock valued at $432,000 after purchasing an additional 354 shares during the period. Finally, EverSource Wealth Advisors LLC bought a new position in Invesco S&P MidCap Low Volatility ETF during the 2nd quarter worth $53,000.

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.