Invesco S&P SmallCap Low Volatility ETF (NYSEARCA:XSLV) Shares Up 0.8% – Here’s Why

Invesco S&P SmallCap Low Volatility ETF (NYSEARCA:XSLV) shot up 0.8% on Monday . The company traded as high as $47.21 and last traded at $46.79. 7,729 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 11,230 shares. The stock had previously closed at $46.40.

Invesco S&P SmallCap Low Volatility ETF Stock Up 0.8%

The company has a market cap of $230.21 million, a PE ratio of 17.66 and a beta of 0.82. The business’s 50 day moving average price is $48.66 and its 200-day moving average price is $47.17.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in shares of Invesco S&P SmallCap Low Volatility ETF during the first quarter valued at about $211,000. Cetera Investment Advisers boosted its holdings in Invesco S&P SmallCap Low Volatility ETF by 1.9% in the second quarter. Cetera Investment Advisers now owns 35,384 shares of the company’s stock valued at $1,612,000 after purchasing an additional 664 shares during the last quarter. Laurel Wealth Advisors LLC boosted its holdings in Invesco S&P SmallCap Low Volatility ETF by 4,461.5% in the second quarter. Laurel Wealth Advisors LLC now owns 593 shares of the company’s stock valued at $27,000 after purchasing an additional 580 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Invesco S&P SmallCap Low Volatility ETF by 18.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 15,005 shares of the company’s stock valued at $683,000 after purchasing an additional 2,299 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Invesco S&P SmallCap Low Volatility ETF by 14.3% during the 2nd quarter. Invesco Ltd. now owns 6,782 shares of the company’s stock valued at $309,000 after purchasing an additional 846 shares in the last quarter.

About Invesco S&P SmallCap Low Volatility ETF

The Invesco S&P SmallCap Low Volatility ETF (XSLV) is an exchange-traded fund that is based on the S&P SmallCap 600 Low Volatility index. The fund tracks a volatility-weighted index of the 120 least volatile securities from the S&P 600. XSLV was launched on Feb 15, 2013 and is managed by Invesco.