Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Sees Strong Trading Volume – Time to Buy?

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV – Get Free Report) shares saw unusually-high trading volume on Thursday. 93,219 shares traded hands during mid-day trading, an increase of 323% from the previous session’s volume of 22,054 shares. The stock last traded at $65.6940 and had previously closed at $64.80.

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

The firm’s 50-day moving average price is $65.68 and its two-hundred day moving average price is $66.04. The firm has a market capitalization of $717.12 million, a PE ratio of 18.75 and a beta of 0.68.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mosaic Family Wealth Partners LLC purchased a new position in shares of Invesco S&P MidCap Low Volatility ETF during the first quarter valued at $695,000. MassMutual Private Wealth & Trust FSB acquired a new position in Invesco S&P MidCap Low Volatility ETF during the third quarter valued at $1,619,000. CX Institutional raised its position in Invesco S&P MidCap Low Volatility ETF by 28,361.1% during the third quarter. CX Institutional now owns 116,975 shares of the company’s stock valued at $7,366,000 after buying an additional 116,564 shares during the period. Cetera Investment Advisers lifted its stake in Invesco S&P MidCap Low Volatility ETF by 19.0% in the 1st quarter. Cetera Investment Advisers now owns 105,074 shares of the company’s stock worth $6,616,000 after acquiring an additional 16,793 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in Invesco S&P MidCap Low Volatility ETF in the 2nd quarter worth about $555,000.

About Invesco S&P MidCap Low Volatility ETF

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Invesco S&P MidCap Low Volatility ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P MidCap Low Volatility ETF and related companies with MarketBeat.com's FREE daily email newsletter.