Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Stock Price Up 0.2% – Time to Buy?

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) rose 0.2% during mid-day trading on Thursday . The stock traded as high as $65.03 and last traded at $64.75. Approximately 19,858 shares changed hands during trading, a decline of 18% from the average session volume of 24,084 shares. The stock had previously closed at $64.62.

Invesco S&P MidCap Low Volatility ETF Stock Performance

The firm has a market capitalization of $736.86 million, a price-to-earnings ratio of 18.75 and a beta of 0.69. The business has a fifty day moving average price of $65.11 and a 200 day moving average price of $64.50.

Institutional Investors Weigh In On Invesco S&P MidCap Low Volatility ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in XMLV. Royal Bank of Canada lifted its stake in shares of Invesco S&P MidCap Low Volatility ETF by 12.5% in the 1st quarter. Royal Bank of Canada now owns 91,397 shares of the company’s stock valued at $5,641,000 after purchasing an additional 10,181 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in 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 valued at $39,000 after buying an additional 451 shares during the period. Creative Planning raised 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 buying an additional 336 shares during the period. Invesco Ltd. lifted its position in Invesco S&P MidCap Low Volatility ETF by 5.3% during the second quarter. Invesco Ltd. now owns 7,012 shares of the company’s stock valued at $432,000 after buying an additional 354 shares in the last quarter. Finally, EverSource Wealth Advisors LLC acquired a new position in Invesco S&P MidCap Low Volatility ETF during the second quarter valued at approximately $53,000.

About Invesco S&P MidCap Low Volatility ETF

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.