Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Reaches New 12-Month High – What’s Next?

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $66.70 and last traded at $66.6390, with a volume of 2754 shares changing hands. The stock had previously closed at $66.22.

Invesco S&P MidCap Low Volatility ETF Stock Up 0.5%

The stock has a market capitalization of $783.23 million, a PE ratio of 18.75 and a beta of 0.76. The company has a 50-day moving average of $64.34 and a 200 day moving average of $63.49.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Basepoint Wealth LLC acquired a new position in Invesco S&P MidCap Low Volatility ETF during the fourth quarter worth about $29,000. Flagship Harbor Advisors LLC acquired a new position in shares of Invesco S&P MidCap Low Volatility ETF during the 4th quarter worth approximately $33,000. Larson Financial Group LLC boosted its holdings in shares of Invesco S&P MidCap Low Volatility ETF by 172.8% during the 3rd quarter. Larson Financial Group LLC now owns 622 shares of the company’s stock worth $40,000 after purchasing an additional 394 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Invesco S&P MidCap Low Volatility ETF by 254.8% in the first quarter. Geneos Wealth Management Inc. now owns 628 shares of the company’s stock valued at $39,000 after purchasing an additional 451 shares in the last quarter. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of Invesco S&P MidCap Low Volatility ETF in the fourth quarter valued at approximately $40,000.

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.