Traynor Capital Management Inc. Makes New Investment in Invesco S&P 500 Low Volatility ETF $SPLV

Traynor Capital Management Inc. purchased a new position in Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 129,844 shares of the company’s stock, valued at approximately $9,541,000. Traynor Capital Management Inc. owned approximately 0.12% of Invesco S&P 500 Low Volatility ETF at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Bangor Savings Bank lifted its holdings in Invesco S&P 500 Low Volatility ETF by 681.0% during the third quarter. Bangor Savings Bank now owns 453 shares of the company’s stock valued at $33,000 after purchasing an additional 395 shares in the last quarter. Lavaca Capital LLC bought a new position in shares of Invesco S&P 500 Low Volatility ETF in the 2nd quarter valued at about $59,000. AlphaCore Capital LLC grew its position in Invesco S&P 500 Low Volatility ETF by 313.0% in the second quarter. AlphaCore Capital LLC now owns 950 shares of the company’s stock worth $69,000 after acquiring an additional 720 shares in the last quarter. Corundum Trust Company INC purchased a new stake in Invesco S&P 500 Low Volatility ETF during the third quarter valued at approximately $73,000. Finally, Solstein Capital LLC lifted its stake in shares of Invesco S&P 500 Low Volatility ETF by 95.4% in the 2nd quarter. Solstein Capital LLC now owns 1,024 shares of the company’s stock valued at $75,000 after purchasing an additional 500 shares during the last quarter.

Invesco S&P 500 Low Volatility ETF Stock Performance

SPLV opened at $72.80 on Thursday. The stock’s 50 day moving average price is $72.00 and its 200-day moving average price is $72.46. Invesco S&P 500 Low Volatility ETF has a one year low of $67.13 and a one year high of $75.43. The stock has a market cap of $7.40 billion, a price-to-earnings ratio of 24.11 and a beta of 0.62.

Invesco S&P 500 Low Volatility ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 23rd. Stockholders of record on Tuesday, January 20th were paid a dividend of $0.1347 per share. This is an increase from Invesco S&P 500 Low Volatility ETF’s previous monthly dividend of $0.13. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Tuesday, January 20th.

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.