Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) Reaches New 12-Month High – Still a Buy?

Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) shares reached a new 52-week high on Tuesday . The company traded as high as $78.42 and last traded at $78.40, with a volume of 120174 shares trading hands. The stock had previously closed at $77.22.

Invesco S&P 500 Low Volatility ETF Price Performance

The firm has a market capitalization of $7.36 billion, a PE ratio of 24.11 and a beta of 0.54. The company’s fifty day simple moving average is $74.62 and its 200 day simple moving average is $74.25.

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

A number of institutional investors and hedge funds have recently bought and sold shares of SPLV. Bank of America Corp DE increased its holdings in shares of Invesco S&P 500 Low Volatility ETF by 16.8% in the third quarter. Bank of America Corp DE now owns 8,045,945 shares of the company’s stock worth $591,216,000 after buying an additional 1,156,550 shares during the period. Two Sigma Investments LP grew its position in shares of Invesco S&P 500 Low Volatility ETF by 301.0% in the 3rd quarter. Two Sigma Investments LP now owns 1,442,700 shares of the company’s stock worth $106,010,000 after buying an additional 1,082,900 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Invesco S&P 500 Low Volatility ETF by 413.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,278,712 shares of the company’s stock valued at $91,326,000 after purchasing an additional 1,029,465 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in Invesco S&P 500 Low Volatility ETF by 683.2% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 548,402 shares of the company’s stock valued at $40,279,000 after buying an additional 478,382 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Invesco S&P 500 Low Volatility ETF by 26.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,016,453 shares of the company’s stock worth $147,348,000 after purchasing an additional 423,940 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.