Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Hits New 1-Year High – Still a Buy?

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $67.43 and last traded at $67.43, with a volume of 279 shares changing hands. The stock had previously closed at $67.17.

Invesco S&P MidCap Low Volatility ETF Price Performance

The company has a market cap of $750.04 million, a PE ratio of 18.75 and a beta of 0.69. The stock has a 50 day simple moving average of $65.30 and a two-hundred day simple moving average of $64.79.

Institutional Investors Weigh In On Invesco S&P MidCap Low Volatility ETF

Several large investors have recently modified their holdings of the stock. Western Wealth Management LLC acquired a new position in Invesco S&P MidCap Low Volatility ETF in the 1st quarter valued at $71,000. Liberty One Investment Management LLC boosted its stake in shares of Invesco S&P MidCap Low Volatility ETF by 8.1% in the first quarter. Liberty One Investment Management LLC now owns 33,638 shares of the company’s stock valued at $2,118,000 after buying an additional 2,516 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Invesco S&P MidCap Low Volatility ETF by 19.0% during the 1st quarter. Cetera Investment Advisers now owns 105,074 shares of the company’s stock worth $6,616,000 after purchasing an additional 16,793 shares during the period. Pacific Sun Financial Corp grew its position in Invesco S&P MidCap Low Volatility ETF by 1.4% during the first quarter. Pacific Sun Financial Corp now owns 20,765 shares of the company’s stock worth $1,308,000 after buying an additional 290 shares during the period. Finally, Fifth Third Bancorp lifted its position in shares of Invesco S&P MidCap Low Volatility ETF by 25.4% during the 1st quarter. Fifth Third Bancorp now owns 5,633 shares of the company’s stock valued at $355,000 after acquiring an additional 1,141 shares during the period.

About Invesco S&P MidCap Low Volatility ETF

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.