35,791 Shares in Invesco S&P 500 Low Volatility ETF $SPLV Purchased by Sherman Wealth Management LLC

Sherman Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 35,791 shares of the company’s stock, valued at approximately $2,556,000. Invesco S&P 500 Low Volatility ETF makes up about 2.2% of Sherman Wealth Management LLC’s portfolio, making the stock its 13th largest holding.

Other institutional investors have also added to or reduced their stakes in the company. Meriwether Wealth & Planning LLC increased its stake in Invesco S&P 500 Low Volatility ETF by 6.8% in the 4th quarter. Meriwether Wealth & Planning LLC now owns 61,293 shares of the company’s stock worth $4,378,000 after acquiring an additional 3,925 shares during the last quarter. Matthew Goff Investment Advisor LLC bought a new position in shares of Invesco S&P 500 Low Volatility ETF during the 4th quarter valued at approximately $29,799,000. Wealthcare Advisory Partners LLC grew its holdings in shares of Invesco S&P 500 Low Volatility ETF by 36.4% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 19,104 shares of the company’s stock valued at $1,364,000 after purchasing an additional 5,101 shares in the last quarter. Optivise Advisory Services LLC grew its holdings in shares of Invesco S&P 500 Low Volatility ETF by 42.9% in the fourth quarter. Optivise Advisory Services LLC now owns 13,946 shares of the company’s stock valued at $996,000 after purchasing an additional 4,186 shares in the last quarter. Finally, Rialto Wealth Management LLC bought a new stake in Invesco S&P 500 Low Volatility ETF in the fourth quarter worth $96,000.

Invesco S&P 500 Low Volatility ETF Price Performance

Invesco S&P 500 Low Volatility ETF stock opened at $72.17 on Monday. Invesco S&P 500 Low Volatility ETF has a 52-week low of $67.13 and a 52-week high of $77.74. The firm’s fifty day moving average is $74.60 and its 200 day moving average is $72.95. The company has a market cap of $7.38 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 firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Monday, February 23rd were given a dividend of $0.1346 per share. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Monday, February 23rd.

Invesco S&P 500 Low Volatility ETF Profile

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.