Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Hits New 52-Week High – Still a Buy?

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $66.70 and last traded at $66.6390, with a volume of 2754 shares changing hands. The stock had previously closed at $66.22.

Invesco S&P MidCap Low Volatility ETF Trading Down 0.4%

The stock has a fifty day moving average of $64.49 and a 200-day moving average of $63.54. The firm has a market capitalization of $784.39 million, a price-to-earnings ratio of 18.75 and a beta of 0.76.

Institutional Trading of Invesco S&P MidCap Low Volatility ETF

Institutional investors have recently bought and sold shares of the company. Tempo Wealth LLC purchased a new position in Invesco S&P MidCap Low Volatility ETF during the fourth quarter worth about $1,204,000. Virtu Financial LLC grew its position in Invesco S&P MidCap Low Volatility ETF by 21.1% during the fourth quarter. Virtu Financial LLC now owns 8,305 shares of the company’s stock valued at $518,000 after acquiring an additional 1,449 shares during the last quarter. ATX Financial Planning LLC purchased a new position in shares of Invesco S&P MidCap Low Volatility ETF during the fourth quarter worth approximately $273,000. EP Wealth Advisors LLC purchased a new position in Invesco S&P MidCap Low Volatility ETF in the 4th quarter worth $202,000. Finally, Evolve Private Wealth LLC bought a new position in Invesco S&P MidCap Low Volatility ETF during the 4th quarter worth approximately $271,000.

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.