Corundum Group Inc. Has $3.39 Million Stock Position in Invesco S&P 500 Low Volatility ETF $SPLV

Corundum Group Inc. grew its position in Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) by 19.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,346 shares of the company’s stock after purchasing an additional 7,539 shares during the period. Invesco S&P 500 Low Volatility ETF comprises about 1.1% of Corundum Group Inc.’s holdings, making the stock its 18th largest position. Corundum Group Inc.’s holdings in Invesco S&P 500 Low Volatility ETF were worth $3,390,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPLV. Bank of Montreal Can raised its stake in shares of Invesco S&P 500 Low Volatility ETF by 1,951.0% during the 3rd quarter. Bank of Montreal Can now owns 2,926,999 shares of the company’s stock worth $215,076,000 after purchasing an additional 2,784,291 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Invesco S&P 500 Low Volatility ETF by 16.8% in the 3rd quarter. Bank of America Corp DE now owns 8,045,945 shares of the company’s stock valued at $591,216,000 after buying an additional 1,156,550 shares in the last quarter. Two Sigma Investments LP increased its holdings in Invesco S&P 500 Low Volatility ETF by 301.0% in the third 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 last quarter. Goldman Sachs Group Inc. increased its holdings in Invesco S&P 500 Low Volatility ETF by 413.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,278,712 shares of the company’s stock worth $91,326,000 after buying an additional 1,029,465 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its holdings in Invesco S&P 500 Low Volatility ETF by 683.2% in the third quarter. Mercer Global Advisors Inc. ADV now owns 548,402 shares of the company’s stock worth $40,279,000 after buying an additional 478,382 shares during the last quarter.

Invesco S&P 500 Low Volatility ETF Stock Performance

Shares of SPLV opened at $74.69 on Thursday. The firm has a market cap of $7.30 billion, a PE ratio of 24.11 and a beta of 0.55. The firm’s 50 day moving average price is $73.45 and its 200 day moving average price is $73.50. Invesco S&P 500 Low Volatility ETF has a twelve month low of $69.63 and a twelve month high of $77.74.

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.