Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Sees Unusually-High Trading Volume – Here’s What Happened

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) saw unusually-strong trading volume on Friday . 45,394 shares changed hands during mid-day trading, an increase of 97% from the previous session’s volume of 23,014 shares.The stock last traded at $68.65 and had previously closed at $68.64.

Invesco S&P MidCap Low Volatility ETF Stock Down 0.1%

The business’s fifty day moving average is $66.37 and its 200 day moving average is $65.45. The stock has a market cap of $750.48 million, a PE ratio of 18.75 and a beta of 0.69.

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

Several hedge funds have recently bought and sold shares of XMLV. Northwestern Mutual Wealth Management Co. grew its holdings in Invesco S&P MidCap Low Volatility ETF by 1,305.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,068,856 shares of the company’s stock valued at $66,665,000 after purchasing an additional 992,830 shares during the last quarter. Harbour Investments Inc. boosted its position in shares of Invesco S&P MidCap Low Volatility ETF by 26.3% in the 4th quarter. Harbour Investments Inc. now owns 40,156 shares of the company’s stock worth $2,504,000 after buying an additional 8,365 shares in the last quarter. Tempo Wealth LLC acquired a new stake in Invesco S&P MidCap Low Volatility ETF in the 4th quarter valued at about $1,204,000. Mosaic Family Wealth Partners LLC purchased a new position in Invesco S&P MidCap Low Volatility ETF during the 1st quarter valued at about $695,000. Finally, DORVAL Corp raised its position in Invesco S&P MidCap Low Volatility ETF by 3.7% during the fourth quarter. DORVAL Corp now owns 254,042 shares of the company’s stock worth $15,844,000 after acquiring an additional 9,127 shares during the last quarter.

About Invesco S&P MidCap Low Volatility ETF

The Invesco S&P MidCap Low Volatility ETF (XMLV) is an exchange-traded fund that is based on the S&P MidCap 400 Low Volatility index. The fund tracks a volatility-weighted index of the 80 least volatile S&P 400 companies. XMLV was launched on Feb 15, 2013 and is managed by Invesco.