Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Hits New 52-Week High – Still a Buy?

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV)’s stock price reached a new 52-week high on Monday . The stock traded as high as $61.45 and last traded at $61.43, with a volume of 5906 shares changing hands. The stock had previously closed at $61.20.

Invesco S&P MidCap Low Volatility ETF Trading Up 0.7 %

The firm has a market capitalization of $889.32 million, a P/E ratio of 17.33 and a beta of 0.72. The business’s fifty day moving average is $59.54 and its 200 day moving average is $57.15.

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

A number of institutional investors and hedge funds have recently modified their holdings of XMLV. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Invesco S&P MidCap Low Volatility ETF in the second quarter worth approximately $35,000. PSI Advisors LLC boosted its stake in Invesco S&P MidCap Low Volatility ETF by 144.2% in the 2nd quarter. PSI Advisors LLC now owns 923 shares of the company’s stock worth $51,000 after purchasing an additional 545 shares during the period. Massmutual Trust Co. FSB ADV purchased a new position in shares of Invesco S&P MidCap Low Volatility ETF during the third quarter valued at $59,000. Rothschild Investment LLC acquired a new stake in Invesco S&P MidCap Low Volatility ETF during the 2nd quarter worth about $110,000. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Invesco S&P MidCap Low Volatility ETF during the fourth quarter worth approximately $175,000.

Invesco S&P MidCap Low Volatility ETF Company Profile

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.