Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Sees Large Volume Increase – Here’s Why

Shares of Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) saw unusually-high trading volume on Wednesday. Approximately 80,317 shares traded hands during mid-day trading, an increase of 259% from the previous session’s volume of 22,346 shares. The stock last traded at $63.1950 and had previously closed at $63.69.

Invesco S&P MidCap Low Volatility ETF Stock Performance

The firm has a market cap of $687.00 million, a price-to-earnings ratio of 18.75 and a beta of 0.68. The business has a fifty day simple moving average of $67.14 and a 200-day simple moving average of $65.95.

Institutional Trading of Invesco S&P MidCap Low Volatility ETF

A number of institutional investors and hedge funds have recently modified their holdings of XMLV. Pacific Sun Financial Corp lifted its holdings in shares of Invesco S&P MidCap Low Volatility ETF by 1.4% during the 1st quarter. Pacific Sun Financial Corp now owns 20,765 shares of the company’s stock worth $1,308,000 after acquiring an additional 290 shares during the last quarter. Kestra Private Wealth Services LLC increased its stake in Invesco S&P MidCap Low Volatility ETF by 15.0% in the 1st quarter. Kestra Private Wealth Services LLC now owns 4,642 shares of the company’s stock worth $292,000 after buying an additional 607 shares in the last quarter. Western Wealth Management LLC purchased a new position in shares of Invesco S&P MidCap Low Volatility ETF during the first quarter valued at about $71,000. Fifth Third Bancorp increased its stake in Invesco S&P MidCap Low Volatility ETF by 25.4% during the first quarter. Fifth Third Bancorp now owns 5,633 shares of the company’s stock worth $355,000 after acquiring an additional 1,141 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Invesco S&P MidCap Low Volatility ETF in the second quarter worth approximately $122,000.

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.