Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Sets New 1-Year High – Time to Buy?

Shares of Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLVGet Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $69.54 and last traded at $69.44, with a volume of 4364 shares changing hands. The stock had previously closed at $69.19.

Invesco S&P MidCap Low Volatility ETF Stock Performance

The stock has a market cap of $759.01 million, a P/E ratio of 18.75 and a beta of 0.69. The firm’s fifty day simple moving average is $66.04 and its 200-day simple moving average is $65.28.

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

Several hedge funds and other institutional investors have recently bought and sold shares of XMLV. Northwestern Mutual Wealth Management Co. grew its holdings in Invesco S&P MidCap Low Volatility ETF by 1,305.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,068,856 shares of the company’s stock worth $66,665,000 after acquiring an additional 992,830 shares during the period. Harbour Investments Inc. lifted its stake in shares of Invesco S&P MidCap Low Volatility ETF by 26.3% in the 4th quarter. Harbour Investments Inc. now owns 40,156 shares of the company’s stock valued at $2,504,000 after purchasing an additional 8,365 shares during the period. Tempo Wealth LLC bought a new stake in shares of Invesco S&P MidCap Low Volatility ETF during the 4th quarter valued at about $1,204,000. Mosaic Family Wealth Partners LLC bought a new stake in shares of Invesco S&P MidCap Low Volatility ETF during the 1st quarter valued at about $695,000. Finally, DORVAL Corp grew its stake in Invesco S&P MidCap Low Volatility ETF by 3.7% during the fourth quarter. DORVAL Corp now owns 254,042 shares of the company’s stock worth $15,844,000 after purchasing an additional 9,127 shares during the period.

About Invesco S&P MidCap Low Volatility ETF

(Get Free Report)

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.

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