Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) Hits New 12-Month High – Here’s Why

Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $75.47 and last traded at $75.4720, with a volume of 1509551 shares trading hands. The stock had previously closed at $75.13.

Invesco S&P 500 Low Volatility ETF Price Performance

The company has a 50 day simple moving average of $72.32 and a 200-day simple moving average of $72.54. The stock has a market cap of $7.71 billion, a P/E ratio of 24.11 and a beta of 0.62.

Invesco S&P 500 Low Volatility ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were given a $0.1347 dividend. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Tuesday, January 20th. This is a positive change from Invesco S&P 500 Low Volatility ETF’s previous monthly dividend of $0.13.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SPLV. Ulland Investment Advisors LLC boosted its stake in shares of Invesco S&P 500 Low Volatility ETF by 112.5% in the 3rd quarter. Ulland Investment Advisors LLC now owns 425 shares of the company’s stock valued at $31,000 after purchasing an additional 225 shares in the last quarter. Bangor Savings Bank lifted its stake in Invesco S&P 500 Low Volatility ETF by 681.0% in the third quarter. Bangor Savings Bank now owns 453 shares of the company’s stock worth $33,000 after purchasing an additional 395 shares during the last quarter. Founders Financial Alliance LLC purchased a new stake in Invesco S&P 500 Low Volatility ETF during the third quarter valued at about $36,000. Kingdom Financial Group LLC. bought a new position in shares of Invesco S&P 500 Low Volatility ETF during the fourth quarter valued at about $45,000. Finally, Investment Research & Advisory Group Inc. bought a new position in shares of Invesco S&P 500 Low Volatility ETF during the fourth quarter valued at about $49,000.

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.