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

Shares of Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) saw an uptick in trading volume on Friday . 45,394 shares traded hands during trading, an increase of 97% from the previous session’s volume of 23,014 shares.The stock last traded at $68.65 and had previously closed at $68.64.

Invesco S&P MidCap Low Volatility ETF Stock Down 0.4%

The stock’s 50 day moving average price is $66.43 and its 200-day moving average price is $65.47. The stock has a market capitalization of $745.81 million, a PE ratio of 18.75 and a beta of 0.69.

Institutional Investors Weigh In On Invesco S&P MidCap Low Volatility ETF

Institutional investors have recently added to or reduced their stakes in the stock. Western Wealth Management LLC bought a new position in shares of Invesco S&P MidCap Low Volatility ETF during the first quarter worth $71,000. Liberty One Investment Management LLC increased its holdings in Invesco S&P MidCap Low Volatility ETF by 8.1% in the 1st quarter. Liberty One Investment Management LLC now owns 33,638 shares of the company’s stock valued at $2,118,000 after acquiring an additional 2,516 shares during the last quarter. Cetera Investment Advisers increased its holdings in Invesco S&P MidCap Low Volatility ETF by 19.0% in the 1st quarter. Cetera Investment Advisers now owns 105,074 shares of the company’s stock valued at $6,616,000 after acquiring an additional 16,793 shares during the last quarter. Pacific Sun Financial Corp increased its holdings in Invesco S&P MidCap Low Volatility ETF by 1.4% in the 1st quarter. Pacific Sun Financial Corp now owns 20,765 shares of the company’s stock valued at $1,308,000 after acquiring an additional 290 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Invesco S&P MidCap Low Volatility ETF by 25.4% in the first quarter. Fifth Third Bancorp now owns 5,633 shares of the company’s stock worth $355,000 after buying an additional 1,141 shares in 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.