Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) Sets New 52-Week High – Here’s Why

Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV)’s stock price hit a new 52-week high on Friday . The stock traded as high as $78.07 and last traded at $78.00, with a volume of 136225 shares traded. The stock had previously closed at $76.94.

Invesco S&P 500 Low Volatility ETF Stock Up 0.7%

The firm has a market capitalization of $7.23 billion, a P/E ratio of 24.11 and a beta of 0.54. The business has a 50-day moving average price of $74.10 and a 200-day moving average price of $74.01.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ballast Inc. boosted its position in shares of Invesco S&P 500 Low Volatility ETF by 1.5% during the 2nd quarter. Ballast Inc. now owns 173,437 shares of the company’s stock valued at $12,990,000 after acquiring an additional 2,547 shares in the last quarter. G&S Capital LLC raised its position in Invesco S&P 500 Low Volatility ETF by 4.2% in the second quarter. G&S Capital LLC now owns 63,792 shares of the company’s stock worth $4,778,000 after purchasing an additional 2,593 shares in the last quarter. Sherman Wealth Management LLC raised its position in Invesco S&P 500 Low Volatility ETF by 0.8% in the second quarter. Sherman Wealth Management LLC now owns 32,329 shares of the company’s stock worth $2,421,000 after purchasing an additional 250 shares in the last quarter. Pettinga Financial Advisors LLC acquired a new position in shares of Invesco S&P 500 Low Volatility ETF in the 2nd quarter worth approximately $1,004,000. Finally, Allied Private Wealth LLC bought a new position in shares of Invesco S&P 500 Low Volatility ETF during the second quarter valued at $159,000.

Invesco S&P 500 Low Volatility ETF Company Profile

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.