Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Sees Large Volume Increase – Still a Buy?

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) saw unusually-strong trading volume on Friday . Approximately 71,304 shares traded hands during trading, an increase of 181% from the previous session’s volume of 25,418 shares.The stock last traded at $65.49 and had previously closed at $66.01.

Invesco S&P MidCap Low Volatility ETF Stock Down 1.1%

The company has a market capitalization of $742.89 million, a PE ratio of 18.75 and a beta of 0.71. The stock has a 50-day moving average of $64.97 and a 200 day moving average of $63.99.

Institutional Trading of Invesco S&P MidCap Low Volatility ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its position in Invesco S&P MidCap Low Volatility ETF by 1,305.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,068,856 shares of the company’s stock worth $66,665,000 after buying an additional 992,830 shares during the last quarter. LPL Financial LLC increased its position in Invesco S&P MidCap Low Volatility ETF by 11.4% in the fourth quarter. LPL Financial LLC now owns 675,286 shares of the company’s stock worth $42,116,000 after buying an additional 69,346 shares during the last quarter. Brookstone Capital Management increased its position in Invesco S&P MidCap Low Volatility ETF by 3.4% in the first quarter. Brookstone Capital Management now owns 306,429 shares of the company’s stock worth $19,296,000 after buying an additional 10,000 shares during the last quarter. DORVAL Corp increased its position in Invesco S&P MidCap Low Volatility ETF by 3.7% in the fourth quarter. DORVAL Corp now owns 254,042 shares of the company’s stock worth $15,844,000 after buying an additional 9,127 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in Invesco S&P MidCap Low Volatility ETF by 1.3% in the second quarter. Ameriprise Financial Inc. now owns 225,465 shares of the company’s stock worth $13,903,000 after buying an additional 2,801 shares during the last quarter.

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.