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 an uptick in trading volume on Monday . 408,081 shares were traded during mid-day trading, an increase of 984% from the previous session’s volume of 37,656 shares.The stock last traded at $61.46 and had previously closed at $61.57.

Invesco S&P MidCap Low Volatility ETF Price Performance

The company has a 50-day moving average of $61.71 and a two-hundred day moving average of $61.18. The stock has a market capitalization of $878.93 million, a PE ratio of 17.33 and a beta of 0.72.

Hedge Funds Weigh In On Invesco S&P MidCap Low Volatility ETF

Hedge funds have recently made changes to their positions in the business. Comprehensive Financial Planning Inc. PA purchased a new stake in Invesco S&P MidCap Low Volatility ETF during the 4th quarter worth $28,000. Farther Finance Advisors LLC grew its stake in Invesco S&P MidCap Low Volatility ETF by 375.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 494 shares of the company’s stock valued at $30,000 after purchasing an additional 390 shares in the last quarter. Runnymede Capital Advisors Inc. purchased a new stake in Invesco S&P MidCap Low Volatility ETF during the 4th quarter worth approximately $45,000. Hazlett Burt & Watson Inc. increased its holdings in Invesco S&P MidCap Low Volatility ETF by 192.4% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 2,924 shares of the company’s stock worth $178,000 after purchasing an additional 1,924 shares during the last quarter. Finally, Synergy Investment Management LLC acquired a new position in shares of Invesco S&P MidCap Low Volatility ETF in the 4th quarter valued at approximately $183,000.

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.