Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF (NYSEARCA:XRLV) Stock Price Up 0.3% – Here’s Why

Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF (NYSEARCA:XRLV)’s share price rose 0.3% during trading on Thursday . The stock traded as high as $55.04 and last traded at $55.03. Approximately 7,090 shares were traded during trading, an increase of 356% from the average daily volume of 1,556 shares. The stock had previously closed at $54.85.

Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF Trading Up 0.3%

The firm has a market cap of $44.57 million, a price-to-earnings ratio of 23.36 and a beta of 0.83. The company has a 50 day moving average of $55.00 and a 200 day moving average of $54.71.

Institutional Trading of Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF

Several hedge funds and other institutional investors have recently modified their holdings of XRLV. LPL Financial LLC raised its stake in shares of Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF by 407.4% in the 1st quarter. LPL Financial LLC now owns 116,822 shares of the company’s stock valued at $6,610,000 after purchasing an additional 93,798 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF in the 4th quarter valued at about $272,000. Jane Street Group LLC raised its stake in shares of Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF by 57.6% in the 4th quarter. Jane Street Group LLC now owns 9,357 shares of the company’s stock valued at $496,000 after purchasing an additional 3,418 shares during the period. Finally, Citadel Advisors LLC raised its stake in shares of Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF by 17.3% in the 4th quarter. Citadel Advisors LLC now owns 7,627 shares of the company’s stock valued at $404,000 after purchasing an additional 1,124 shares during the period.

Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF Company Profile

The Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF (XRLV) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of large-cap US equities, selected for positive correlation to rising interest rates and for low volatility. Stocks are weighted inversely to volatility.