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

Shares of Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLVGet Free Report) saw strong trading volume on Friday . 79,006 shares were traded during mid-day trading, an increase of 135% from the previous session’s volume of 33,685 shares.The stock last traded at $63.83 and had previously closed at $63.63.

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

The firm has a market capitalization of $779.67 million, a P/E ratio of 18.75 and a beta of 0.76. The firm’s 50-day simple moving average is $62.79 and its 200-day simple moving average is $62.46.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of XMLV. DHJJ Financial Advisors Ltd. bought a new stake in Invesco S&P MidCap Low Volatility ETF during the 2nd quarter valued at about $32,000. Geneos Wealth Management Inc. raised its stake in Invesco S&P MidCap Low Volatility ETF by 254.8% in the first quarter. Geneos Wealth Management Inc. now owns 628 shares of the company’s stock valued at $39,000 after buying an additional 451 shares during the last quarter. Larson Financial Group LLC increased its stake in Invesco S&P MidCap Low Volatility ETF by 172.8% during the 3rd quarter. Larson Financial Group LLC now owns 622 shares of the company’s stock valued at $40,000 after purchasing an additional 394 shares in the last quarter. Wealth Watch Advisors INC purchased a new position in shares of Invesco S&P MidCap Low Volatility ETF in the third quarter worth about $52,000. Finally, EverSource Wealth Advisors LLC purchased a new position in shares of Invesco S&P MidCap Low Volatility ETF during the second quarter worth $53,000.

Invesco S&P MidCap Low Volatility ETF Company Profile

(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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