Richmond Investment Services LLC Acquires New Holdings in Invesco S&P 500 Low Volatility ETF $SPLV

Richmond Investment Services LLC bought a new position in Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,338 shares of the company’s stock, valued at approximately $243,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC increased its position in Invesco S&P 500 Low Volatility ETF by 7.6% during the fourth quarter. Brighton Jones LLC now owns 13,082 shares of the company’s stock valued at $916,000 after acquiring an additional 922 shares during the last quarter. Sheaff Brock Investment Advisors LLC purchased a new position in Invesco S&P 500 Low Volatility ETF in the first quarter worth about $204,000. Arkadios Wealth Advisors grew its stake in shares of Invesco S&P 500 Low Volatility ETF by 194.6% during the 1st quarter. Arkadios Wealth Advisors now owns 45,257 shares of the company’s stock valued at $3,382,000 after purchasing an additional 29,895 shares during the period. Sovereign Investment Advisors LLC increased its position in shares of Invesco S&P 500 Low Volatility ETF by 13.9% during the 1st quarter. Sovereign Investment Advisors LLC now owns 78,036 shares of the company’s stock valued at $5,831,000 after purchasing an additional 9,504 shares during the last quarter. Finally, MGO One Seven LLC lifted its stake in shares of Invesco S&P 500 Low Volatility ETF by 5.4% in the 1st quarter. MGO One Seven LLC now owns 43,862 shares of the company’s stock worth $3,277,000 after purchasing an additional 2,263 shares during the period.

Invesco S&P 500 Low Volatility ETF Trading Up 0.4%

SPLV opened at $72.95 on Thursday. The company has a market cap of $7.66 billion, a price-to-earnings ratio of 24.11 and a beta of 0.62. The company’s 50 day moving average is $72.16 and its 200 day moving average is $72.70. Invesco S&P 500 Low Volatility ETF has a 12-month low of $67.13 and a 12-month high of $75.43.

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.