Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) Reaches New 52-Week High – What’s Next?

Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $76.58 and last traded at $76.0240, with a volume of 604461 shares changing hands. The stock had previously closed at $75.85.

Invesco S&P 500 Low Volatility ETF Stock Down 0.0%

The stock has a market capitalization of $7.75 billion, a P/E ratio of 24.11 and a beta of 0.62. The company has a fifty day moving average price of $72.67 and a 200-day moving average price of $72.61.

Invesco S&P 500 Low Volatility ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 23rd. Investors of record on Tuesday, January 20th were given a $0.1347 dividend. This is a boost from Invesco S&P 500 Low Volatility ETF’s previous monthly dividend of $0.13. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date was Tuesday, January 20th.

Hedge Funds Weigh In On Invesco S&P 500 Low Volatility ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC raised its position in Invesco S&P 500 Low Volatility ETF by 7.6% in the 4th quarter. Brighton Jones LLC now owns 13,082 shares of the company’s stock worth $916,000 after purchasing an additional 922 shares during the period. AQR Capital Management LLC raised its holdings in shares of Invesco S&P 500 Low Volatility ETF by 151.9% in the first quarter. AQR Capital Management LLC now owns 13,736 shares of the company’s stock valued at $1,026,000 after acquiring an additional 8,282 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Invesco S&P 500 Low Volatility ETF by 1,545.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 242,001 shares of the company’s stock valued at $18,082,000 after purchasing an additional 227,292 shares in the last quarter. Harbour Investments Inc. lifted its holdings in Invesco S&P 500 Low Volatility ETF by 2.6% during the second quarter. Harbour Investments Inc. now owns 6,766 shares of the company’s stock worth $493,000 after buying an additional 173 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in shares of Invesco S&P 500 Low Volatility ETF by 36.5% during the 2nd quarter. International Assets Investment Management LLC now owns 10,150 shares of the company’s stock worth $739,000 after purchasing an additional 2,715 shares during the last quarter.

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.