Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Sees Large Volume Increase – Still a Buy?

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) shares saw strong trading volume on Thursday . 19,365 shares changed hands during mid-day trading, a decline of 24% from the previous session’s volume of 25,473 shares.The stock last traded at $62.93 and had previously closed at $62.49.

Invesco S&P MidCap Low Volatility ETF Stock Performance

The stock has a market capitalization of $737.82 million, a P/E ratio of 18.75 and a beta of 0.76. The business has a 50 day simple moving average of $65.11 and a 200-day simple moving average of $63.71.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. DORVAL Corp grew its holdings in shares of Invesco S&P MidCap Low Volatility ETF by 4.6% in the 3rd quarter. DORVAL Corp now owns 244,915 shares of the company’s stock worth $15,567,000 after acquiring an additional 10,679 shares during the last quarter. Avid Wealth Partners LLC boosted its position in shares of Invesco S&P MidCap Low Volatility ETF by 5.8% in the 3rd quarter. Avid Wealth Partners LLC now owns 148,632 shares of the company’s stock valued at $9,447,000 after purchasing an additional 8,154 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Invesco S&P MidCap Low Volatility ETF by 25.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 140,226 shares of the company’s stock valued at $8,648,000 after purchasing an additional 28,497 shares during the period. Jones Financial Companies Lllp increased its stake in Invesco S&P MidCap Low Volatility ETF by 16.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 131,195 shares of the company’s stock worth $8,309,000 after purchasing an additional 18,570 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC increased its stake in Invesco S&P MidCap Low Volatility ETF by 42.8% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 52,518 shares of the company’s stock worth $3,338,000 after purchasing an additional 15,733 shares in the last quarter.

Invesco S&P MidCap Low Volatility ETF Company Profile

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.