Burns Matteson Capital Management LLC Has $4.60 Million Holdings in Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV)

Burns Matteson Capital Management LLC cut its stake in shares of Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) by 10.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 64,141 shares of the company’s stock after selling 7,795 shares during the period. Invesco S&P 500 Low Volatility ETF comprises 2.3% of Burns Matteson Capital Management LLC’s investment portfolio, making the stock its 7th largest position. Burns Matteson Capital Management LLC’s holdings in Invesco S&P 500 Low Volatility ETF were worth $4,601,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Pinnacle Wealth Management Group Inc. bought a new stake in Invesco S&P 500 Low Volatility ETF during the 3rd quarter worth $4,057,000. Silverlake Wealth Management LLC boosted its stake in shares of Invesco S&P 500 Low Volatility ETF by 6.6% during the third quarter. Silverlake Wealth Management LLC now owns 27,547 shares of the company’s stock valued at $1,976,000 after purchasing an additional 1,696 shares in the last quarter. Beaumont Financial Advisors LLC grew its holdings in shares of Invesco S&P 500 Low Volatility ETF by 5.6% during the third quarter. Beaumont Financial Advisors LLC now owns 12,879 shares of the company’s stock worth $924,000 after purchasing an additional 680 shares during the last quarter. Albion Financial Group UT increased its stake in shares of Invesco S&P 500 Low Volatility ETF by 6.1% in the third quarter. Albion Financial Group UT now owns 7,330 shares of the company’s stock valued at $526,000 after buying an additional 420 shares during the period. Finally, Hyperion Partners LLC raised its holdings in Invesco S&P 500 Low Volatility ETF by 4.6% in the 3rd quarter. Hyperion Partners LLC now owns 112,375 shares of the company’s stock valued at $8,061,000 after buying an additional 4,926 shares during the last quarter.

Invesco S&P 500 Low Volatility ETF Trading Up 0.9 %

SPLV traded up $0.63 during trading on Friday, reaching $71.88. 2,597,571 shares of the company’s stock were exchanged, compared to its average volume of 1,905,546. Invesco S&P 500 Low Volatility ETF has a one year low of $57.35 and a one year high of $71.93. The firm has a fifty day moving average price of $70.30 and a two-hundred day moving average price of $66.98. The stock has a market capitalization of $7.77 billion, a PE ratio of 23.07 and a beta of 0.47.

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.