Invesco S&P SmallCap Low Volatility ETF (NYSEARCA:XSLV) Shares Up 0.8% – Should You Buy?

Shares of Invesco S&P SmallCap Low Volatility ETF (NYSEARCA:XSLV) rose 0.8% on Monday . The stock traded as high as $47.21 and last traded at $46.79. Approximately 7,729 shares changed hands during trading, a decline of 31% from the average daily volume of 11,230 shares. The stock had previously closed at $46.40.

Invesco S&P SmallCap Low Volatility ETF Price Performance

The stock has a fifty day simple moving average of $48.66 and a 200-day simple moving average of $47.17. The company has a market capitalization of $230.21 million, a price-to-earnings ratio of 17.66 and a beta of 0.82.

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

Large investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in Invesco S&P SmallCap Low Volatility ETF by 86.6% during the second quarter. Bank of America Corp DE now owns 202,000 shares of the company’s stock worth $9,201,000 after buying an additional 93,752 shares in the last quarter. Asset Allocation Strategies LLC acquired a new position in shares of Invesco S&P SmallCap Low Volatility ETF in the fourth quarter worth about $1,428,000. Armbruster Capital Management Inc. raised its position in shares of Invesco S&P SmallCap Low Volatility ETF by 6.4% in the third quarter. Armbruster Capital Management Inc. now owns 237,575 shares of the company’s stock worth $11,002,000 after acquiring an additional 14,305 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Invesco S&P SmallCap Low Volatility ETF by 15.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 51,537 shares of the company’s stock worth $2,389,000 after acquiring an additional 7,001 shares in the last quarter. Finally, TopTier Wealth Management LLC purchased a new stake in shares of Invesco S&P SmallCap Low Volatility ETF during the 4th quarter worth about $305,000.

About Invesco S&P SmallCap Low Volatility ETF

The Invesco S&P SmallCap Low Volatility ETF (XSLV) is an exchange-traded fund that is based on the S&P SmallCap 600 Low Volatility index. The fund tracks a volatility-weighted index of the 120 least volatile securities from the S&P 600. XSLV was launched on Feb 15, 2013 and is managed by Invesco.