Invesco S&P 500 Low Volatility ETF $SPLV Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. cut its stake in shares of Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) by 87.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,559 shares of the company’s stock after selling 84,963 shares during the quarter. Kovack Advisors Inc.’s holdings in Invesco S&P 500 Low Volatility ETF were worth $923,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bangor Savings Bank boosted its position in shares of Invesco S&P 500 Low Volatility ETF by 681.0% in the 3rd quarter. Bangor Savings Bank now owns 453 shares of the company’s stock valued at $33,000 after purchasing an additional 395 shares during the period. Founders Financial Alliance LLC acquired a new stake in Invesco S&P 500 Low Volatility ETF during the 3rd quarter worth about $36,000. Lavaca Capital LLC purchased a new stake in Invesco S&P 500 Low Volatility ETF during the second quarter valued at about $59,000. AlphaCore Capital LLC boosted its holdings in shares of Invesco S&P 500 Low Volatility ETF by 313.0% in the second quarter. AlphaCore Capital LLC now owns 950 shares of the company’s stock worth $69,000 after buying an additional 720 shares during the period. Finally, Corundum Trust Company INC purchased a new position in shares of Invesco S&P 500 Low Volatility ETF in the third quarter worth approximately $73,000.

Invesco S&P 500 Low Volatility ETF Price Performance

SPLV stock opened at $75.94 on Friday. The firm has a market capitalization of $7.76 billion, a P/E ratio of 24.11 and a beta of 0.62. Invesco S&P 500 Low Volatility ETF has a 52-week low of $67.13 and a 52-week high of $76.58. The company’s 50 day simple moving average is $73.05 and its 200-day simple moving average is $72.70.

Invesco S&P 500 Low Volatility ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were given a dividend of $0.1347 per share. The ex-dividend date of this dividend was Tuesday, January 20th. This is a positive change from Invesco S&P 500 Low Volatility ETF’s previous monthly dividend of $0.13. This represents a c) annualized dividend and a yield of 2.1%.

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.