Cartenna Capital LP Makes New Investment in Invesco S&P 500 Low Volatility ETF $SPLV

Cartenna Capital LP bought a new position in Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) in the 3rd quarter, Holdings Channel.com reports. The firm bought 400,000 shares of the company’s stock, valued at approximately $29,392,000. Invesco S&P 500 Low Volatility ETF comprises 0.8% of Cartenna Capital LP’s portfolio, making the stock its 29th largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in SPLV. Ausdal Financial Partners Inc. raised its holdings in Invesco S&P 500 Low Volatility ETF by 0.3% during the third quarter. Ausdal Financial Partners Inc. now owns 54,191 shares of the company’s stock worth $3,982,000 after purchasing an additional 148 shares in the last quarter. Mission Creek Capital Partners Inc. boosted its holdings in Invesco S&P 500 Low Volatility ETF by 2.0% in the 2nd quarter. Mission Creek Capital Partners Inc. now owns 8,079 shares of the company’s stock valued at $588,000 after purchasing an additional 161 shares in the last quarter. Mutual Advisors LLC boosted its holdings in Invesco S&P 500 Low Volatility ETF by 3.3% in the 3rd quarter. Mutual Advisors LLC now owns 5,249 shares of the company’s stock valued at $381,000 after purchasing an additional 169 shares in the last quarter. Financial Advocates Investment Management increased its position in Invesco S&P 500 Low Volatility ETF by 0.6% during the 2nd quarter. Financial Advocates Investment Management now owns 27,683 shares of the company’s stock worth $2,016,000 after purchasing an additional 176 shares during the period. Finally, Landaas & Co. WI ADV increased its position in Invesco S&P 500 Low Volatility ETF by 1.5% during the 3rd quarter. Landaas & Co. WI ADV now owns 12,800 shares of the company’s stock worth $941,000 after purchasing an additional 192 shares during the period.

Invesco S&P 500 Low Volatility ETF Trading Up 0.3%

Shares of SPLV stock opened at $74.80 on Friday. The stock has a 50 day simple moving average of $74.38 and a 200-day simple moving average of $72.95. The company has a market cap of $7.65 billion, a price-to-earnings ratio of 24.11 and a beta of 0.62. Invesco S&P 500 Low Volatility ETF has a 12-month low of $67.13 and a 12-month high of $77.74.

Invesco S&P 500 Low Volatility ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 23rd were issued a dividend of $0.1346 per share. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, February 23rd.

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.