Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) Reaches New 1-Year High – What’s Next?

Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) hit a new 52-week high during trading on Monday . The stock traded as high as $71.99 and last traded at $71.94, with a volume of 157153 shares trading hands. The stock had previously closed at $71.88.

Invesco S&P 500 Low Volatility ETF Price Performance

The firm has a 50-day moving average of $70.52 and a 200 day moving average of $67.10. The stock has a market capitalization of $7.86 billion, a price-to-earnings ratio of 23.07 and a beta of 0.47.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SPLV. Alaska Permanent Fund Corp lifted its position in shares of Invesco S&P 500 Low Volatility ETF by 7.6% in the first quarter. Alaska Permanent Fund Corp now owns 3,027,451 shares of the company’s stock valued at $199,418,000 after buying an additional 212,725 shares during the last quarter. Global Assets Advisory LLC increased its holdings in shares of Invesco S&P 500 Low Volatility ETF by 6,354.7% in the first quarter. Global Assets Advisory LLC now owns 2,499,503 shares of the company’s stock valued at $164,642,000 after purchasing an additional 2,460,779 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of Invesco S&P 500 Low Volatility ETF by 0.6% in the first quarter. Commonwealth Equity Services LLC now owns 1,562,444 shares of the company’s stock valued at $102,918,000 after purchasing an additional 10,014 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Invesco S&P 500 Low Volatility ETF by 7.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,251,856 shares of the company’s stock worth $81,308,000 after buying an additional 86,639 shares during the last quarter. Finally, Kestra Advisory Services LLC boosted its holdings in shares of Invesco S&P 500 Low Volatility ETF by 4.3% during the 1st quarter. Kestra Advisory Services LLC now owns 665,728 shares of the company’s stock worth $43,852,000 after buying an additional 27,463 shares during the period.

Invesco S&P 500 Low Volatility ETF Company Profile

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.