Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Hits New 12-Month High – Still a Buy?

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) shares hit a new 52-week high during trading on Thursday . The company traded as high as $66.70 and last traded at $66.6390, with a volume of 2754 shares. The stock had previously closed at $66.22.

Invesco S&P MidCap Low Volatility ETF Price Performance

The stock has a fifty day simple moving average of $64.34 and a 200-day simple moving average of $63.49. The company has a market capitalization of $783.23 million, a price-to-earnings ratio of 18.75 and a beta of 0.76.

Hedge Funds Weigh In On Invesco S&P MidCap Low Volatility ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco S&P MidCap Low Volatility ETF by 1,305.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,068,856 shares of the company’s stock worth $66,665,000 after buying an additional 992,830 shares during the period. Merit Financial Group LLC raised its position in shares of Invesco S&P MidCap Low Volatility ETF by 3,691.3% during the 4th quarter. Merit Financial Group LLC now owns 136,222 shares of the company’s stock worth $8,496,000 after purchasing an additional 132,629 shares during the last quarter. LPL Financial LLC lifted its stake in Invesco S&P MidCap Low Volatility ETF by 11.4% in the 4th quarter. LPL Financial LLC now owns 675,286 shares of the company’s stock valued at $42,116,000 after buying an additional 69,346 shares in the last quarter. Laurel Wealth Advisors LLC boosted its holdings in Invesco S&P MidCap Low Volatility ETF by 6,067.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 39,346 shares of the company’s stock worth $2,426,000 after buying an additional 38,708 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Invesco S&P MidCap Low Volatility ETF by 25.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 140,226 shares of the company’s stock worth $8,648,000 after buying an additional 28,497 shares during 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.