Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) Reaches New 12-Month High – Should You Buy?

Shares of Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $73.34 and last traded at $73.25, with a volume of 325151 shares traded. The stock had previously closed at $72.54.

Invesco S&P 500 Low Volatility ETF Stock Performance

The firm has a market cap of $7.91 billion, a P/E ratio of 23.07 and a beta of 0.47. The business’s 50-day simple moving average is $71.56 and its 200 day simple moving average is $68.09.

Institutional Trading of Invesco S&P 500 Low Volatility ETF

Several large investors have recently modified their holdings of SPLV. PNC Financial Services Group Inc. increased its holdings in Invesco S&P 500 Low Volatility ETF by 2.9% during the third quarter. PNC Financial Services Group Inc. now owns 1,273,685 shares of the company’s stock valued at $91,361,000 after buying an additional 36,008 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Invesco S&P 500 Low Volatility ETF by 7.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,251,856 shares of the company’s stock worth $81,308,000 after purchasing an additional 86,639 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in Invesco S&P 500 Low Volatility ETF by 4.3% in the 1st quarter. Kestra Advisory Services LLC now owns 665,728 shares of the company’s stock worth $43,852,000 after purchasing an additional 27,463 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in Invesco S&P 500 Low Volatility ETF by 2.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 548,536 shares of the company’s stock valued at $35,627,000 after purchasing an additional 14,569 shares in the last quarter. Finally, Dynasty Wealth Management LLC bought a new stake in Invesco S&P 500 Low Volatility ETF during the first quarter valued at about $33,326,000.

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.