Ballast Inc. Grows Stock Holdings in Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV)

Ballast Inc. boosted its holdings in shares of Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) by 2.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 178,693 shares of the company’s stock after buying an additional 4,819 shares during the period. Invesco S&P 500 Low Volatility ETF makes up approximately 3.9% of Ballast Inc.’s investment portfolio, making the stock its 9th biggest position. Ballast Inc.’s holdings in Invesco S&P 500 Low Volatility ETF were worth $11,197,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in Invesco S&P 500 Low Volatility ETF by 8,482.9% during the third quarter. Bank of New York Mellon Corp now owns 984,377 shares of the company’s stock valued at $57,871,000 after purchasing an additional 972,908 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in Invesco S&P 500 Low Volatility ETF in the third quarter worth approximately $32,584,000. JPMorgan Chase & Co. grew its position in Invesco S&P 500 Low Volatility ETF by 117.2% during the first quarter. JPMorgan Chase & Co. now owns 79,254 shares of the company’s stock valued at $5,317,000 after acquiring an additional 539,472 shares during the last quarter. Alaska Permanent Fund Corp lifted its holdings in shares of Invesco S&P 500 Low Volatility ETF by 13.8% in the 3rd quarter. Alaska Permanent Fund Corp now owns 3,246,922 shares of the company’s stock worth $190,887,000 after acquiring an additional 393,338 shares during the last quarter. Finally, Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management purchased a new position in Invesco S&P 500 Low Volatility ETF in the 3rd quarter worth $19,107,000.

Invesco S&P 500 Low Volatility ETF Stock Up 0.3 %

NYSEARCA SPLV opened at $65.87 on Friday. Invesco S&P 500 Low Volatility ETF has a 12-month low of $57.17 and a 12-month high of $65.99. The company has a 50-day simple moving average of $63.92 and a two-hundred day simple moving average of $61.81. The firm has a market cap of $9.64 billion, a price-to-earnings ratio of 20.07 and a beta of 0.69.

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.