Synergy Investment Management LLC Invests $699,000 in Invesco S&P 500 Low Volatility ETF $SPLV

Synergy Investment Management LLC acquired a new stake in shares of Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 9,510 shares of the company’s stock, valued at approximately $699,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bangor Savings Bank boosted its position in shares of Invesco S&P 500 Low Volatility ETF by 681.0% in the third quarter. Bangor Savings Bank now owns 453 shares of the company’s stock worth $33,000 after purchasing an additional 395 shares during the period. Founders Financial Alliance LLC purchased a new position in shares of Invesco S&P 500 Low Volatility ETF during the 3rd quarter valued at $36,000. Lavaca Capital LLC bought a new position in Invesco S&P 500 Low Volatility ETF in the 2nd quarter worth $59,000. AlphaCore Capital LLC boosted its holdings in Invesco S&P 500 Low Volatility ETF by 313.0% in the 2nd quarter. AlphaCore Capital LLC now owns 950 shares of the company’s stock worth $69,000 after buying an additional 720 shares during the period. Finally, Corundum Trust Company INC purchased a new stake in Invesco S&P 500 Low Volatility ETF in the 3rd quarter worth $73,000.

Invesco S&P 500 Low Volatility ETF Stock Down 0.2%

Shares of Invesco S&P 500 Low Volatility ETF stock opened at $75.58 on Thursday. The company has a market capitalization of $7.73 billion, a price-to-earnings ratio of 24.11 and a beta of 0.62. The stock’s 50-day simple moving average is $72.87 and its 200-day simple moving average is $72.66. Invesco S&P 500 Low Volatility ETF has a 52 week low of $67.13 and a 52 week high of $76.58.

Invesco S&P 500 Low Volatility ETF Increases Dividend

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

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.