Traynor Capital Management Inc. Invests $9.54 Million in Invesco S&P 500 Low Volatility ETF $SPLV

Traynor Capital Management Inc. purchased a new stake in Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 129,844 shares of the company’s stock, valued at approximately $9,541,000.

Several other hedge funds have also modified their holdings of SPLV. Bangor Savings Bank lifted its holdings in Invesco S&P 500 Low Volatility ETF by 681.0% during the third quarter. Bangor Savings Bank now owns 453 shares of the company’s stock valued at $33,000 after purchasing an additional 395 shares in the last quarter. Lavaca Capital LLC acquired a new stake in shares of Invesco S&P 500 Low Volatility ETF in the second quarter worth approximately $59,000. AlphaCore Capital LLC raised its stake in Invesco S&P 500 Low Volatility ETF by 313.0% in the 2nd quarter. AlphaCore Capital LLC now owns 950 shares of the company’s stock valued at $69,000 after purchasing an additional 720 shares during the last quarter. Corundum Trust Company INC purchased a new position in Invesco S&P 500 Low Volatility ETF in the 3rd quarter valued at $73,000. Finally, Solstein Capital LLC increased its holdings in shares of Invesco S&P 500 Low Volatility ETF by 95.4% in the second quarter. Solstein Capital LLC now owns 1,024 shares of the company’s stock valued at $75,000 after purchasing an additional 500 shares during the last quarter.

Invesco S&P 500 Low Volatility ETF Stock Performance

NYSEARCA SPLV opened at $72.80 on Thursday. The stock’s fifty day moving average is $72.00 and its two-hundred day moving average is $72.46. The firm has a market capitalization of $7.40 billion, a P/E ratio of 24.11 and a beta of 0.62. Invesco S&P 500 Low Volatility ETF has a fifty-two week low of $67.13 and a fifty-two week high of $75.43.

Invesco S&P 500 Low Volatility ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were issued a $0.1347 dividend. This is a boost from Invesco S&P 500 Low Volatility ETF’s previous monthly dividend of $0.13. The ex-dividend date was Tuesday, January 20th. This represents a c) annualized dividend and a yield of 2.2%.

About Invesco S&P 500 Low Volatility ETF

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.