Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Hits New 1-Year High – Should You Buy?

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $64.86 and last traded at $64.86, with a volume of 11747 shares trading hands. The stock had previously closed at $64.32.

Invesco S&P MidCap Low Volatility ETF Stock Performance

The company’s 50 day moving average is $61.82 and its 200 day moving average is $58.69. The firm has a market cap of $935.50 million, a P/E ratio of 17.33 and a beta of 0.72.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of XMLV. Beacon Harbor Wealth Advisors Inc. bought a new position in Invesco S&P MidCap Low Volatility ETF in the 3rd quarter valued at approximately $11,413,000. Cetera Investment Advisers lifted its holdings in shares of Invesco S&P MidCap Low Volatility ETF by 501.2% during the first 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. Waverly Advisors LLC bought a new stake in shares of Invesco S&P MidCap Low Volatility ETF in the first quarter worth $2,097,000. Stifel Financial Corp increased its holdings in Invesco S&P MidCap Low Volatility ETF by 61.3% in the third 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 during the period. Finally, Bank of New York Mellon Corp raised its position in Invesco S&P MidCap Low Volatility ETF by 5.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 373,249 shares of the company’s stock worth $20,615,000 after purchasing an additional 20,592 shares during the last quarter.

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.