Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Sees Strong Trading Volume – Time to Buy?

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) shares saw an uptick in trading volume on Thursday . 165,254 shares changed hands during trading, an increase of 308% from the previous session’s volume of 40,458 shares.The stock last traded at $64.50 and had previously closed at $64.57.

Invesco S&P MidCap Low Volatility ETF Stock Performance

The business’s 50 day moving average price is $62.53 and its 200-day moving average price is $59.17. The firm has a market capitalization of $930.74 million, a PE ratio of 17.33 and a beta of 0.72.

Institutional Investors Weigh In On Invesco S&P MidCap Low Volatility ETF

Large investors have recently added to or reduced their stakes in the business. Beacon Harbor Wealth Advisors Inc. purchased a new stake in shares of Invesco S&P MidCap Low Volatility ETF during the third quarter worth $11,413,000. Cetera Investment Advisers increased its holdings in Invesco S&P MidCap Low Volatility ETF by 501.2% during the 1st quarter. Cetera Investment Advisers now owns 63,394 shares of the company’s stock worth $3,575,000 after purchasing an additional 52,850 shares during the period. Stifel Financial Corp raised its position in Invesco S&P MidCap Low Volatility ETF by 61.3% in the 3rd quarter. Stifel Financial Corp now owns 67,398 shares of the company’s stock valued at $4,114,000 after purchasing an additional 25,618 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Invesco S&P MidCap Low Volatility ETF by 5.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 373,249 shares of the company’s stock valued at $20,615,000 after buying an additional 20,592 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Invesco S&P MidCap Low Volatility ETF during the third quarter worth about $905,000.

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.