Royal Bank of Canada Sells 101,163 Shares of Invesco S&P 500 Low Volatility ETF $SPLV

Royal Bank of Canada trimmed its stake in Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) by 6.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,484,047 shares of the company’s stock after selling 101,163 shares during the period. Royal Bank of Canada’s holdings in Invesco S&P 500 Low Volatility ETF were worth $108,544,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SPLV. Corundum Group Inc. increased its holdings in shares of Invesco S&P 500 Low Volatility ETF by 19.4% during the first quarter. Corundum Group Inc. now owns 46,346 shares of the company’s stock worth $3,390,000 after buying an additional 7,539 shares in the last quarter. Capital Investment Advisory Services LLC boosted its holdings in shares of Invesco S&P 500 Low Volatility ETF by 4.9% in the 4th quarter. Capital Investment Advisory Services LLC now owns 244,496 shares of the company’s stock worth $17,462,000 after acquiring an additional 11,477 shares in the last quarter. Savvy Advisors Inc. bought a new stake in Invesco S&P 500 Low Volatility ETF during the 4th quarter worth approximately $745,000. CWM LLC grew its position in Invesco S&P 500 Low Volatility ETF by 7.0% during the 4th quarter. CWM LLC now owns 275,453 shares of the company’s stock worth $19,673,000 after acquiring an additional 18,059 shares during the last quarter. Finally, Armbruster Capital Management Inc. increased its holdings in Invesco S&P 500 Low Volatility ETF by 4.5% during the 4th quarter. Armbruster Capital Management Inc. now owns 504,129 shares of the company’s stock valued at $36,005,000 after purchasing an additional 21,735 shares in the last quarter.

Invesco S&P 500 Low Volatility ETF Price Performance

SPLV stock opened at $76.38 on Friday. The business has a fifty day moving average price of $74.84 and a 200 day moving average price of $74.37. Invesco S&P 500 Low Volatility ETF has a fifty-two week low of $69.63 and a fifty-two week high of $78.82. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 24.11 and a beta of 0.54.

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.