Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Sees Unusually-High Trading Volume – Should You Buy?

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) shares saw an uptick in trading volume on Wednesday . 75,117 shares changed hands during mid-day trading, an increase of 124% from the previous session’s volume of 33,482 shares.The stock last traded at $62.50 and had previously closed at $62.90.

Invesco S&P MidCap Low Volatility ETF Price Performance

The business has a 50 day simple moving average of $62.77 and a 200 day simple moving average of $62.67. The company has a market capitalization of $761.54 million, a price-to-earnings ratio of 18.75 and a beta of 0.76.

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

Several hedge funds have recently bought and sold shares of the company. DHJJ Financial Advisors Ltd. acquired a new position in Invesco S&P MidCap Low Volatility ETF in the 2nd quarter valued at about $32,000. Geneos Wealth Management Inc. grew its holdings 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. Larson Financial Group LLC grew its holdings in shares of Invesco S&P MidCap Low Volatility ETF by 172.8% in the third quarter. Larson Financial Group LLC now owns 622 shares of the company’s stock valued at $40,000 after purchasing an additional 394 shares in the last quarter. Wealth Watch Advisors INC purchased a new stake in Invesco S&P MidCap Low Volatility ETF during the 3rd quarter worth approximately $52,000. Finally, EverSource Wealth Advisors LLC acquired a new stake in Invesco S&P MidCap Low Volatility ETF during the 2nd quarter worth approximately $53,000.

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.