Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Sees Large Volume Increase – Here’s What Happened

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) saw unusually-strong trading volume on Friday . Approximately 120,478 shares were traded during trading, an increase of 203% from the previous session’s volume of 39,707 shares.The stock last traded at $65.62 and had previously closed at $65.27.

Invesco S&P MidCap Low Volatility ETF Stock Performance

The company has a 50-day moving average of $62.19 and a 200-day moving average of $58.93. The stock has a market cap of $944.59 million, a price-to-earnings ratio of 17.33 and a beta of 0.72.

Institutional Investors Weigh In On Invesco S&P MidCap Low Volatility ETF

Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC increased its stake in Invesco S&P MidCap Low Volatility ETF by 375.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 494 shares of the company’s stock valued at $30,000 after buying an additional 390 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Invesco S&P MidCap Low Volatility ETF in the second quarter valued at about $35,000. PSI Advisors LLC raised its holdings in Invesco S&P MidCap Low Volatility ETF by 144.2% during the second quarter. PSI Advisors LLC now owns 923 shares of the company’s stock worth $51,000 after purchasing an additional 545 shares in the last quarter. Massmutual Trust Co. FSB ADV acquired a new stake in Invesco S&P MidCap Low Volatility ETF in the third quarter valued at about $59,000. Finally, Rothschild Investment LLC purchased a new stake in Invesco S&P MidCap Low Volatility ETF in the 2nd quarter valued at approximately $110,000.

About Invesco S&P MidCap Low Volatility ETF

The Invesco S&P MidCap Low Volatility ETF (XMLV) is an exchange-traded fund that is based on the S&P MidCap 400 Low Volatility index. The fund tracks a volatility-weighted index of the 80 least volatile S&P 400 companies. XMLV was launched on Feb 15, 2013 and is managed by Invesco.