Steinberganna Wealth Management Makes New $576,000 Investment in Invesco S&P 500 Low Volatility ETF $SPLV

Steinberganna Wealth Management purchased a new position in shares of Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,834 shares of the company’s stock, valued at approximately $576,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dominguez Wealth Management Solutions Inc. grew its position in Invesco S&P 500 Low Volatility ETF by 7.4% during the third quarter. Dominguez Wealth Management Solutions Inc. now owns 145,913 shares of the company’s stock valued at $10,722,000 after acquiring an additional 10,080 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of Invesco S&P 500 Low Volatility ETF by 10.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 105,818 shares of the company’s stock worth $7,706,000 after purchasing an additional 9,628 shares during the period. Armbruster Capital Management Inc. increased its position in Invesco S&P 500 Low Volatility ETF by 5.1% during the 3rd quarter. Armbruster Capital Management Inc. now owns 482,394 shares of the company’s stock worth $35,446,000 after purchasing an additional 23,531 shares in the last quarter. Allworth Financial LP increased its position in Invesco S&P 500 Low Volatility ETF by 0.9% during the 2nd quarter. Allworth Financial LP now owns 85,996 shares of the company’s stock worth $6,262,000 after purchasing an additional 741 shares in the last quarter. Finally, Asset Allocation Strategies LLC raised its holdings in Invesco S&P 500 Low Volatility ETF by 67.9% in the third quarter. Asset Allocation Strategies LLC now owns 87,460 shares of the company’s stock valued at $6,427,000 after buying an additional 35,371 shares during the period.

Invesco S&P 500 Low Volatility ETF Stock Up 1.3%

Shares of SPLV stock opened at $71.84 on Friday. Invesco S&P 500 Low Volatility ETF has a fifty-two week low of $67.13 and a fifty-two week high of $75.43. The firm’s 50 day moving average price is $71.63 and its two-hundred day moving average price is $72.46. The stock has a market cap of $7.31 billion, a price-to-earnings ratio of 24.11 and a beta of 0.62.

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.