Fortis Group Advisors LLC Makes New Investment in Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV)

Fortis Group Advisors LLC acquired a new stake in Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 136,055 shares of the company’s stock, valued at approximately $9,759,000. Invesco S&P 500 Low Volatility ETF accounts for about 1.8% of Fortis Group Advisors LLC’s investment portfolio, making the stock its 13th largest holding.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SPLV. Wellington Management Group LLP bought a new position in Invesco S&P 500 Low Volatility ETF during the 4th quarter worth $6,380,000. RFG Advisory LLC lifted its holdings in shares of Invesco S&P 500 Low Volatility ETF by 48.4% during the 1st quarter. RFG Advisory LLC now owns 11,330 shares of the company’s stock worth $746,000 after acquiring an additional 3,697 shares during the period. West Coast Financial LLC bought a new stake in shares of Invesco S&P 500 Low Volatility ETF during the 1st quarter valued at approximately $210,000. Flagstar Advisors Inc. grew its position in Invesco S&P 500 Low Volatility ETF by 2.9% during the 1st quarter. Flagstar Advisors Inc. now owns 6,459 shares of the company’s stock worth $425,000 after acquiring an additional 182 shares during the last quarter. Finally, Whitcomb & Hess Inc. acquired a new position in Invesco S&P 500 Low Volatility ETF in the 1st quarter worth about $206,000.

Invesco S&P 500 Low Volatility ETF Stock Down 0.5 %

Shares of SPLV stock traded down $0.38 during mid-day trading on Tuesday, reaching $72.13. 227,472 shares of the stock traded hands, compared to its average volume of 1,877,800. The stock’s fifty day simple moving average is $70.94 and its two-hundred day simple moving average is $67.32. Invesco S&P 500 Low Volatility ETF has a 1-year low of $57.35 and a 1-year high of $73.32. The company has a market cap of $7.80 billion, a price-to-earnings ratio of 23.07 and a beta of 0.47.

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.