Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) Hits New 52-Week High – Here’s Why

Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) shares hit a new 52-week high during trading on Monday . The company traded as high as $75.16 and last traded at $75.04, with a volume of 315672 shares changing hands. The stock had previously closed at $74.52.

Invesco S&P 500 Low Volatility ETF Stock Up 0.3 %

The stock’s 50-day simple moving average is $71.45 and its 200 day simple moving average is $71.67. The firm has a market cap of $7.61 billion, a P/E ratio of 23.63 and a beta of 0.72.

Hedge Funds Weigh In On Invesco S&P 500 Low Volatility ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Cornerstone Planning Group LLC acquired a new stake in shares of Invesco S&P 500 Low Volatility ETF in the 4th quarter valued at about $27,000. Flagship Wealth Advisors LLC acquired a new stake in Invesco S&P 500 Low Volatility ETF in the fourth quarter valued at approximately $29,000. Prospera Private Wealth LLC acquired a new stake in Invesco S&P 500 Low Volatility ETF in the third quarter valued at approximately $31,000. Roxbury Financial LLC bought a new stake in shares of Invesco S&P 500 Low Volatility ETF during the fourth quarter valued at approximately $47,000. Finally, IMG Wealth Management Inc. acquired a new position in shares of Invesco S&P 500 Low Volatility ETF during the fourth quarter worth approximately $51,000.

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.