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

Shares of Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) saw strong trading volume on Tuesday . 55,966 shares were traded during mid-day trading, an increase of 68% from the previous session’s volume of 33,311 shares.The stock last traded at $63.0850 and had previously closed at $63.31.

Invesco S&P MidCap Low Volatility ETF Stock Down 0.1%

The company’s fifty day simple moving average is $62.76 and its two-hundred day simple moving average is $62.60. The company has a market capitalization of $774.60 million, a price-to-earnings ratio of 18.75 and a beta of 0.76.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XMLV. Ameritas Advisory Services LLC increased its holdings in shares of Invesco S&P MidCap Low Volatility ETF by 2.1% in the third quarter. Ameritas Advisory Services LLC now owns 10,326 shares of the company’s stock worth $656,000 after acquiring an additional 216 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Invesco S&P MidCap Low Volatility ETF by 2.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 11,962 shares of the company’s stock valued at $754,000 after purchasing an additional 250 shares in the last quarter. Atria Wealth Solutions Inc. lifted its holdings in shares of Invesco S&P MidCap Low Volatility ETF by 3.1% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 8,879 shares of the company’s stock valued at $548,000 after purchasing an additional 263 shares in the last quarter. Accel Wealth Management grew its position in shares of Invesco S&P MidCap Low Volatility ETF by 4.9% in the 2nd quarter. Accel Wealth Management now owns 6,198 shares of the company’s stock valued at $382,000 after purchasing an additional 292 shares during the period. Finally, Creative Planning increased its stake in Invesco S&P MidCap Low Volatility ETF by 6.3% during the 2nd quarter. Creative Planning now owns 5,634 shares of the company’s stock worth $347,000 after purchasing an additional 336 shares in the last quarter.

Invesco S&P MidCap Low Volatility ETF Company Profile

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.