Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF (NYSEARCA:XRLV) Trading Up 1.1% – Still a Buy?

Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF (NYSEARCA:XRLV) shares shot up 1.1% during mid-day trading on Thursday . The stock traded as high as $55.81 and last traded at $55.81. 910 shares changed hands during mid-day trading, a decline of 23% from the average session volume of 1,184 shares. The stock had previously closed at $55.22.

Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF Stock Performance

The stock has a market capitalization of $46.88 million, a price-to-earnings ratio of 23.04 and a beta of 0.46. The business has a fifty day simple moving average of $54.42 and a 200 day simple moving average of $51.89.

Hedge Funds Weigh In On Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF

A hedge fund recently bought a new stake in Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF stock. Northstar Group Inc. acquired a new stake in Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF (NYSEARCA:XRLV) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,965 shares of the company’s stock, valued at approximately $215,000. Northstar Group Inc. owned 0.47% of Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF as of its most recent SEC filing.

About Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF

The Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF (XRLV) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of large-cap US equities, selected for positive correlation to rising interest rates and for low volatility. Stocks are weighted inversely to volatility.