Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) Hits New 1-Year High – Here’s What Happened

Shares of Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) reached a new 52-week high on Friday . The company traded as high as $73.34 and last traded at $73.25, with a volume of 325151 shares trading hands. The stock had previously closed at $72.54.

Invesco S&P 500 Low Volatility ETF Stock Performance

The stock has a 50-day moving average of $71.56 and a two-hundred day moving average of $68.09. The company has a market cap of $7.91 billion, a P/E ratio of 23.07 and a beta of 0.47.

Hedge Funds Weigh In On Invesco S&P 500 Low Volatility ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Dynasty Wealth Management LLC purchased a new position in Invesco S&P 500 Low Volatility ETF in the 1st quarter worth approximately $33,326,000. Cetera Investment Advisers raised its stake in shares of Invesco S&P 500 Low Volatility ETF by 256.7% in the first quarter. Cetera Investment Advisers now owns 306,767 shares of the company’s stock worth $20,207,000 after purchasing an additional 220,764 shares during the last quarter. Fortis Group Advisors LLC purchased a new position in shares of Invesco S&P 500 Low Volatility ETF in the third quarter worth $9,759,000. Fluent Financial LLC bought a new position in shares of Invesco S&P 500 Low Volatility ETF during the second quarter valued at $8,346,000. Finally, PFG Advisors boosted its position in shares of Invesco S&P 500 Low Volatility ETF by 359.8% during the third quarter. PFG Advisors now owns 152,593 shares of the company’s stock valued at $10,946,000 after buying an additional 119,406 shares during the last quarter.

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.