Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) Sees Large Volume Increase

Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) shares saw strong trading volume on Wednesday . 1,245,168 shares traded hands during mid-day trading, a decline of 34% from the previous session’s volume of 1,893,094 shares.The stock last traded at $71.39 and had previously closed at $71.14.

Invesco S&P 500 Low Volatility ETF Stock Performance

The stock has a fifty day simple moving average of $67.50 and a two-hundred day simple moving average of $65.68. The stock has a market capitalization of $7.69 billion, a price-to-earnings ratio of 23.07 and a beta of 0.47.

Institutional Investors Weigh In On Invesco S&P 500 Low Volatility ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Scarborough Advisors LLC bought a new stake in Invesco S&P 500 Low Volatility ETF during the 4th quarter valued at $29,000. Global Trust Asset Management LLC boosted its stake in Invesco S&P 500 Low Volatility ETF by 149.3% during the 1st quarter. Global Trust Asset Management LLC now owns 501 shares of the company’s stock valued at $33,000 after purchasing an additional 300 shares during the last quarter. Tidemark LLC bought a new stake in Invesco S&P 500 Low Volatility ETF during the 4th quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Invesco S&P 500 Low Volatility ETF in the second quarter worth approximately $48,000. Finally, Delta Asset Management LLC TN purchased a new stake in shares of Invesco S&P 500 Low Volatility ETF in the fourth quarter worth approximately $46,000.

About Invesco S&P 500 Low Volatility ETF

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.