Modern Wealth Management LLC Makes New Investment in Invesco S&P Emerging Markets Low Volatility ETF $EELV

Modern Wealth Management LLC purchased a new position in Invesco S&P Emerging Markets Low Volatility ETF (NYSEARCA:EELV) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 293,696 shares of the company’s stock, valued at approximately $8,279,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings in shares of Invesco S&P Emerging Markets Low Volatility ETF by 135.2% during the second quarter. Smartleaf Asset Management LLC now owns 1,291 shares of the company’s stock valued at $34,000 after acquiring an additional 742 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Invesco S&P Emerging Markets Low Volatility ETF during the fourth quarter worth approximately $40,000. Arax Advisory Partners bought a new position in shares of Invesco S&P Emerging Markets Low Volatility ETF in the 4th quarter worth $43,000. Comerica Bank lifted its holdings in shares of Invesco S&P Emerging Markets Low Volatility ETF by 23.6% in the 4th quarter. Comerica Bank now owns 1,956 shares of the company’s stock worth $54,000 after purchasing an additional 373 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new stake in Invesco S&P Emerging Markets Low Volatility ETF in the 1st quarter valued at $55,000.

Invesco S&P Emerging Markets Low Volatility ETF Trading Up 0.4%

NYSEARCA EELV opened at $28.19 on Friday. The company has a market cap of $427.08 million, a P/E ratio of 12.64 and a beta of 0.43. The company has a fifty day simple moving average of $28.28 and a 200 day simple moving average of $28.57. Invesco S&P Emerging Markets Low Volatility ETF has a 12-month low of $25.64 and a 12-month high of $29.97.

Insiders Place Their Bets

In other Invesco S&P Emerging Markets Low Volatility ETF news, Director Ramiro G. Peru acquired 1,000 shares of Invesco S&P Emerging Markets Low Volatility ETF stock in a transaction dated Friday, July 17th. The stock was purchased at an average cost of $366.05 per share, for a total transaction of $366,050.00. Following the completion of the acquisition, the director directly owned 10,908 shares of the company’s stock, valued at $3,992,873.40. This represents a 10.09% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gail Boudreaux bought 2,725 shares of the firm’s stock in a transaction dated Friday, July 17th. The shares were acquired at an average cost of $367.79 per share, with a total value of $1,002,227.75. Following the completion of the transaction, the chief executive officer owned 171,976 shares of the company’s stock, valued at $63,251,053.04. This represents a 1.61% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing.

About Invesco S&P Emerging Markets Low Volatility ETF

The Invesco S&P Emerging Markets Low Volatility ETF (EELV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a volatility-weighted index of emerging markets firms. EELV was launched on Jan 13, 2012 and is managed by Invesco.