Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Hits New 52-Week High – Here’s Why

Shares of Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) reached a new 52-week high on Thursday . The stock traded as high as $68.48 and last traded at $68.48, with a volume of 5415 shares trading hands. The stock had previously closed at $67.30.

Invesco S&P MidCap Low Volatility ETF Trading Up 2.0%

The business’s fifty day moving average price is $65.52 and its 200 day moving average price is $64.99. The firm has a market capitalization of $756.74 million, a price-to-earnings ratio of 18.75 and a beta of 0.69.

Institutional Trading of Invesco S&P MidCap Low Volatility ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco S&P MidCap Low Volatility ETF by 1,305.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,068,856 shares of the company’s stock valued at $66,665,000 after purchasing an additional 992,830 shares during the period. LPL Financial LLC boosted its holdings in shares of Invesco S&P MidCap Low Volatility ETF by 11.4% in the fourth quarter. LPL Financial LLC now owns 675,286 shares of the company’s stock valued at $42,116,000 after acquiring an additional 69,346 shares in the last quarter. Brookstone Capital Management raised its holdings in Invesco S&P MidCap Low Volatility ETF by 3.4% during the first quarter. Brookstone Capital Management now owns 306,429 shares of the company’s stock worth $19,296,000 after purchasing an additional 10,000 shares in the last quarter. DORVAL Corp boosted its holdings in Invesco S&P MidCap Low Volatility ETF by 3.7% in the 4th quarter. DORVAL Corp now owns 254,042 shares of the company’s stock valued at $15,844,000 after purchasing an additional 9,127 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in Invesco S&P MidCap Low Volatility ETF by 1.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 225,465 shares of the company’s stock worth $13,903,000 after purchasing an additional 2,801 shares during the period.

About Invesco S&P MidCap Low Volatility ETF

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.