Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Sets New 12-Month High – Time to Buy?

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV)’s share price reached a new 52-week high on Tuesday . The company traded as high as $66.34 and last traded at $66.3950, with a volume of 11555 shares. The stock had previously closed at $65.67.

Invesco S&P MidCap Low Volatility ETF Trading Up 1.0%

The company’s fifty day simple moving average is $63.53 and its 200 day simple moving average is $63.12. The stock has a market capitalization of $780.16 million, a P/E ratio of 18.75 and a beta of 0.76.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Basepoint Wealth LLC bought a new position in Invesco S&P MidCap Low Volatility ETF in the 4th quarter worth about $29,000. Flagship Harbor Advisors LLC purchased a new position in shares of Invesco S&P MidCap Low Volatility ETF during the fourth quarter worth about $33,000. Larson Financial Group LLC increased its position in shares of Invesco S&P MidCap Low Volatility ETF by 172.8% in the third quarter. Larson Financial Group LLC now owns 622 shares of the company’s stock worth $40,000 after purchasing an additional 394 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Invesco S&P MidCap Low Volatility ETF by 254.8% in the first quarter. Geneos Wealth Management Inc. now owns 628 shares of the company’s stock valued at $39,000 after purchasing an additional 451 shares in the last quarter. Finally, Laurel Wealth Advisors LLC purchased a new stake in Invesco S&P MidCap Low Volatility ETF in the fourth quarter valued at approximately $40,000.

About Invesco S&P MidCap Low Volatility ETF

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.