Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) Hits New 12-Month High – What’s Next?

Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) shares hit a new 52-week high on Tuesday . The company traded as high as $77.75 and last traded at $77.41, with a volume of 957497 shares trading hands. The stock had previously closed at $76.17.

Invesco S&P 500 Low Volatility ETF Stock Performance

The firm has a fifty day moving average price of $73.83 and a two-hundred day moving average price of $73.83. The stock has a market capitalization of $7.11 billion, a P/E ratio of 24.11 and a beta of 0.54.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SPLV. Bank of Montreal Can grew its stake in shares of Invesco S&P 500 Low Volatility ETF by 1,951.0% during the 3rd quarter. Bank of Montreal Can now owns 2,926,999 shares of the company’s stock valued at $215,076,000 after purchasing an additional 2,784,291 shares during the period. Bank of America Corp DE lifted its stake in shares of 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 worth $591,216,000 after purchasing an additional 1,156,550 shares during the period. Two Sigma Investments LP boosted its holdings in shares of Invesco S&P 500 Low Volatility ETF by 301.0% in the third quarter. Two Sigma Investments LP now owns 1,442,700 shares of the company’s stock worth $106,010,000 after buying an additional 1,082,900 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Invesco S&P 500 Low Volatility ETF by 413.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,278,712 shares of the company’s stock worth $91,326,000 after buying an additional 1,029,465 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in Invesco S&P 500 Low Volatility ETF by 683.2% during the third quarter. Mercer Global Advisors Inc. ADV now owns 548,402 shares of the company’s stock valued at $40,279,000 after buying an additional 478,382 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.