Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) Hits New 52-Week High – Should You Buy?

Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $78.42 and last traded at $78.40, with a volume of 120174 shares changing hands. The stock had previously closed at $77.22.

Invesco S&P 500 Low Volatility ETF Stock Up 1.9%

The business has a fifty day simple moving average of $74.62 and a two-hundred day simple moving average of $74.25. The company has a market cap of $7.36 billion, a P/E ratio of 24.11 and a beta of 0.54.

Hedge Funds Weigh In On Invesco S&P 500 Low Volatility ETF

Several hedge funds have recently modified their holdings of the stock. Ballast Inc. increased its position in shares of Invesco S&P 500 Low Volatility ETF by 1.5% during the 2nd quarter. Ballast Inc. now owns 173,437 shares of the company’s stock valued at $12,990,000 after purchasing an additional 2,547 shares during the last quarter. G&S Capital LLC lifted its holdings in Invesco S&P 500 Low Volatility ETF by 4.2% during the 2nd quarter. G&S Capital LLC now owns 63,792 shares of the company’s stock valued at $4,778,000 after buying an additional 2,593 shares in the last quarter. Sherman Wealth Management LLC boosted its holdings in shares of Invesco S&P 500 Low Volatility ETF by 0.8% in the second quarter. Sherman Wealth Management LLC now owns 32,329 shares of the company’s stock valued at $2,421,000 after purchasing an additional 250 shares during the period. Pettinga Financial Advisors LLC purchased a new stake in shares of Invesco S&P 500 Low Volatility ETF in the 2nd quarter worth $1,004,000. Finally, Allied Private Wealth LLC bought a new position in Invesco S&P 500 Low Volatility ETF during the 2nd quarter worth about $159,000.

About Invesco S&P 500 Low Volatility ETF

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.