Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) Reaches New 52-Week High – Should You Buy?

Shares of Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $76.76 and last traded at $76.6120, with a volume of 457896 shares changing hands. The stock had previously closed at $76.19.

Invesco S&P 500 Low Volatility ETF Trading Up 0.8%

The stock has a fifty day moving average price of $73.54 and a 200 day moving average price of $72.81. The firm has a market cap of $7.91 billion, a price-to-earnings ratio of 24.11 and a beta of 0.62.

Invesco S&P 500 Low Volatility ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were paid a $0.1346 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Monday, February 23rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. MidFirst Bank acquired a new stake in shares of Invesco S&P 500 Low Volatility ETF in the fourth quarter valued at about $1,141,000. Axxcess Wealth Management LLC boosted its stake in Invesco S&P 500 Low Volatility ETF by 20.3% during the 4th quarter. Axxcess Wealth Management LLC now owns 4,211 shares of the company’s stock valued at $301,000 after purchasing an additional 711 shares during the period. Corient Private Wealth LLC grew its holdings in Invesco S&P 500 Low Volatility ETF by 5.2% in the 4th quarter. Corient Private Wealth LLC now owns 171,135 shares of the company’s stock valued at $12,223,000 after buying an additional 8,417 shares during the last quarter. Caitlin John LLC bought a new position in Invesco S&P 500 Low Volatility ETF in the 4th quarter worth approximately $136,000. Finally, Beacon Pointe Advisors LLC lifted its holdings in shares of Invesco S&P 500 Low Volatility ETF by 1.7% during the fourth quarter. Beacon Pointe Advisors LLC now owns 20,862 shares of the company’s stock worth $1,490,000 after buying an additional 355 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.