Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) Sets New 52-Week High – Should You Buy?

Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) hit a new 52-week high on Friday . The stock traded as high as $78.07 and last traded at $78.00, with a volume of 136225 shares changing hands. The stock had previously closed at $76.94.

Invesco S&P 500 Low Volatility ETF Price Performance

The business has a 50-day moving average of $74.18 and a 200-day moving average of $74.03. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of 24.11 and a beta of 0.54.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SPLV. Bank of America Corp DE raised its stake in Invesco S&P 500 Low Volatility ETF by 16.8% in the 3rd quarter. Bank of America Corp DE now owns 8,045,945 shares of the company’s stock valued at $591,216,000 after acquiring an additional 1,156,550 shares during the period. Two Sigma Investments LP boosted its position in Invesco S&P 500 Low Volatility ETF by 301.0% during the third quarter. Two Sigma Investments LP now owns 1,442,700 shares of the company’s stock worth $106,010,000 after purchasing an additional 1,082,900 shares during the period. Goldman Sachs Group Inc. boosted its position in Invesco S&P 500 Low Volatility ETF by 413.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,278,712 shares of the company’s stock worth $91,326,000 after purchasing an additional 1,029,465 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in shares of Invesco S&P 500 Low Volatility ETF by 683.2% in the third quarter. Mercer Global Advisors Inc. ADV now owns 548,402 shares of the company’s stock valued at $40,279,000 after purchasing an additional 478,382 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Invesco S&P 500 Low Volatility ETF by 26.6% in the second quarter. Ameriprise Financial Inc. now owns 2,016,453 shares of the company’s stock valued at $147,348,000 after purchasing an additional 423,940 shares during the last quarter.

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.