Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) Sets New 52-Week High – Should You Buy?

Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $75.43 and last traded at $74.97, with a volume of 959934 shares traded. The stock had previously closed at $74.27.

Invesco S&P 500 Low Volatility ETF Price Performance

The stock has a market cap of $7.63 billion, a price-to-earnings ratio of 23.63 and a beta of 0.72. The stock’s 50 day simple moving average is $71.65 and its two-hundred day simple moving average is $71.77.

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

Large investors have recently made changes to their positions in the company. Merit Financial Group LLC boosted its stake in Invesco S&P 500 Low Volatility ETF by 11,765.4% in the fourth quarter. Merit Financial Group LLC now owns 1,731,156 shares of the company’s stock worth $121,181,000 after purchasing an additional 1,716,566 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Invesco S&P 500 Low Volatility ETF during the 4th quarter worth about $68,579,000. Lockheed Martin Investment Management Co. increased its position in Invesco S&P 500 Low Volatility ETF by 168.9% in the 4th quarter. Lockheed Martin Investment Management Co. now owns 885,200 shares of the company’s stock valued at $61,964,000 after acquiring an additional 556,000 shares in the last quarter. Citigroup Inc. raised its stake in shares of Invesco S&P 500 Low Volatility ETF by 1,481.1% in the third quarter. Citigroup Inc. now owns 449,469 shares of the company’s stock worth $32,240,000 after acquiring an additional 421,042 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of Invesco S&P 500 Low Volatility ETF by 97.5% during the fourth quarter. Private Advisor Group LLC now owns 673,494 shares of the company’s stock worth $47,145,000 after purchasing an additional 332,413 shares in the last quarter.

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.