Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) Sets New 12-Month High – Should You Buy?

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

Invesco S&P 500 Low Volatility ETF Stock Up 0.9%

The stock has a market cap of $7.24 billion, a PE ratio of 24.11 and a beta of 0.54. The firm has a fifty day moving average of $73.73 and a 200 day moving average of $73.76.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Brighton Jones LLC boosted its holdings in Invesco S&P 500 Low Volatility ETF by 7.6% in the fourth quarter. Brighton Jones LLC now owns 13,082 shares of the company’s stock valued at $916,000 after purchasing an additional 922 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Invesco S&P 500 Low Volatility ETF by 151.9% during the 1st quarter. AQR Capital Management LLC now owns 13,736 shares of the company’s stock worth $1,026,000 after buying an additional 8,282 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Invesco S&P 500 Low Volatility ETF by 1,545.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 242,001 shares of the company’s stock worth $18,082,000 after buying an additional 227,292 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Invesco S&P 500 Low Volatility ETF during the 2nd quarter worth approximately $320,000. Finally, First Trust Advisors LP acquired a new position in shares of Invesco S&P 500 Low Volatility ETF in the 2nd quarter valued at $230,000.

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.