Ballast Inc. Buys 14,804 Shares of Invesco S&P 500 Low Volatility ETF $SPLV

Ballast Inc. increased its position in shares of Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) by 8.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 188,241 shares of the company’s stock after buying an additional 14,804 shares during the quarter. Invesco S&P 500 Low Volatility ETF makes up 2.5% of Ballast Inc.’s investment portfolio, making the stock its 10th largest holding. Ballast Inc.’s holdings in Invesco S&P 500 Low Volatility ETF were worth $13,273,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Corundum Group Inc. grew its position in Invesco S&P 500 Low Volatility ETF by 19.4% in the 1st quarter. Corundum Group Inc. now owns 46,346 shares of the company’s stock worth $3,390,000 after purchasing an additional 7,539 shares during the last quarter. Advisory Solutions Group LLC acquired a new position in shares of Invesco S&P 500 Low Volatility ETF in the 2nd quarter valued at $1,653,000. Quantinno Capital Management LP raised its position in Invesco S&P 500 Low Volatility ETF by 102.9% in the first quarter. Quantinno Capital Management LP now owns 22,424 shares of the company’s stock worth $1,640,000 after purchasing an additional 11,370 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Invesco S&P 500 Low Volatility ETF during the first quarter worth about $693,000. Finally, Cardiff Park Advisors LLC acquired a new stake in Invesco S&P 500 Low Volatility ETF in the 1st quarter valued at $733,000.

Invesco S&P 500 Low Volatility ETF Stock Up 1.1%

NYSEARCA:SPLV traded up $0.78 during trading hours on Tuesday, reaching $74.35. The company had a trading volume of 1,081,826 shares, compared to its average volume of 2,748,357. The stock has a 50-day moving average of $73.64 and a two-hundred day moving average of $74.20. Invesco S&P 500 Low Volatility ETF has a one year low of $69.63 and a one year high of $78.82. The firm has a market capitalization of $7.21 billion, a PE ratio of 24.11 and a beta of 0.53.

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.