Sherman Wealth Management LLC Invests $2.74 Million in Invesco S&P 500 Low Volatility ETF $SPLV

Sherman Wealth Management LLC bought a new stake in Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 37,277 shares of the company’s stock, valued at approximately $2,739,000. Invesco S&P 500 Low Volatility ETF comprises approximately 2.7% of Sherman Wealth Management LLC’s portfolio, making the stock its 9th largest holding.

Several other institutional investors and hedge funds have also modified their holdings of the business. Optivise Advisory Services LLC grew its stake in shares of Invesco S&P 500 Low Volatility ETF by 42.9% during the fourth quarter. Optivise Advisory Services LLC now owns 13,946 shares of the company’s stock valued at $996,000 after purchasing an additional 4,186 shares during the last quarter. Rialto Wealth Management LLC bought a new position in Invesco S&P 500 Low Volatility ETF in the 4th quarter worth approximately $96,000. First Heartland Consultants Inc. lifted its holdings in Invesco S&P 500 Low Volatility ETF by 9.9% during the 4th quarter. First Heartland Consultants Inc. now owns 3,389 shares of the company’s stock worth $242,000 after buying an additional 304 shares in the last quarter. Silverlake Wealth Management LLC lifted its holdings in Invesco S&P 500 Low Volatility ETF by 0.6% during the 4th quarter. Silverlake Wealth Management LLC now owns 26,523 shares of the company’s stock worth $1,894,000 after buying an additional 169 shares in the last quarter. Finally, Innova Wealth Partners bought a new position in Invesco S&P 500 Low Volatility ETF in the 4th quarter valued at $304,000.

Invesco S&P 500 Low Volatility ETF Stock Down 0.6%

Shares of SPLV stock opened at $72.17 on Friday. The stock has a 50-day moving average price of $74.60 and a 200 day moving average price of $72.95. The firm has a market cap of $7.38 billion, a price-to-earnings ratio of 24.11 and a beta of 0.62. Invesco S&P 500 Low Volatility ETF has a 12 month low of $67.13 and a 12 month high of $77.74.

Invesco S&P 500 Low Volatility ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Monday, February 23rd were issued a dividend of $0.1346 per share. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, February 23rd.

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.