Acorn Wealth Advisors LLC Reduces Stock Position in Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV)

Acorn Wealth Advisors LLC cut its stake in Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) by 7.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,572 shares of the company’s stock after selling 2,061 shares during the quarter. Acorn Wealth Advisors LLC’s holdings in Invesco S&P 500 Low Volatility ETF were worth $1,860,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Cornerstone Planning Group LLC purchased a new stake in shares of Invesco S&P 500 Low Volatility ETF in the fourth quarter worth $27,000. Prospera Private Wealth LLC bought a new position in Invesco S&P 500 Low Volatility ETF in the 3rd quarter worth about $31,000. Roxbury Financial LLC purchased a new stake in shares of Invesco S&P 500 Low Volatility ETF in the 4th quarter valued at about $47,000. Ulland Investment Advisors LLC boosted its position in shares of Invesco S&P 500 Low Volatility ETF by 28.6% during the 4th quarter. Ulland Investment Advisors LLC now owns 900 shares of the company’s stock valued at $63,000 after acquiring an additional 200 shares during the last quarter. Finally, Tidemark LLC grew its holdings in shares of Invesco S&P 500 Low Volatility ETF by 81.5% during the third quarter. Tidemark LLC now owns 893 shares of the company’s stock worth $64,000 after purchasing an additional 401 shares in the last quarter.

Invesco S&P 500 Low Volatility ETF Trading Up 0.4 %

SPLV stock opened at $73.46 on Tuesday. The company’s 50 day moving average is $70.95 and its 200 day moving average is $71.38. The stock has a market cap of $7.56 billion, a price-to-earnings ratio of 23.63 and a beta of 0.72. Invesco S&P 500 Low Volatility ETF has a 1-year low of $62.53 and a 1-year high of $75.14.

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.