Kovack Advisors Inc. Sells 2,510 Shares of Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV)

Kovack Advisors Inc. lowered its stake in Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) by 13.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,894 shares of the company’s stock after selling 2,510 shares during the quarter. Kovack Advisors Inc.’s holdings in Invesco S&P 500 Low Volatility ETF were worth $996,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Balentine LLC raised its holdings in shares of Invesco S&P 500 Low Volatility ETF by 1.4% in the third quarter. Balentine LLC now owns 5,484,885 shares of the company’s stock valued at $322,456,000 after purchasing an additional 77,368 shares during the last quarter. Alaska Permanent Fund Corp raised its holdings in shares of Invesco S&P 500 Low Volatility ETF by 13.8% in the third quarter. Alaska Permanent Fund Corp now owns 3,246,922 shares of the company’s stock valued at $190,887,000 after purchasing an additional 393,338 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Invesco S&P 500 Low Volatility ETF by 36.3% in the third quarter. Royal Bank of Canada now owns 1,200,215 shares of the company’s stock valued at $70,559,000 after purchasing an additional 319,820 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Invesco S&P 500 Low Volatility ETF during the fourth quarter worth $65,831,000. Finally, Bank of New York Mellon Corp increased its holdings in Invesco S&P 500 Low Volatility ETF by 8,482.9% during the third quarter. Bank of New York Mellon Corp now owns 984,377 shares of the company’s stock worth $57,871,000 after buying an additional 972,908 shares during the last quarter.

Invesco S&P 500 Low Volatility ETF Stock Performance

SPLV traded down $0.41 during trading on Friday, reaching $63.90. 1,828,357 shares of the stock were exchanged, compared to its average volume of 2,194,608. The stock has a market cap of $7.29 billion, a P/E ratio of 22.84 and a beta of 0.49. Invesco S&P 500 Low Volatility ETF has a twelve month low of $57.17 and a twelve month high of $65.99. The stock’s 50 day moving average price is $64.36 and its two-hundred day moving average price is $62.44.

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.