Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) Sees Unusually-High Trading Volume – Here’s What Happened

Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) shares saw unusually-high trading volume on Friday . Approximately 120,478 shares traded hands during trading, an increase of 203% from the previous session’s volume of 39,707 shares.The stock last traded at $65.62 and had previously closed at $65.27.

Invesco S&P MidCap Low Volatility ETF Price Performance

The company has a market capitalization of $944.59 million, a PE ratio of 17.33 and a beta of 0.72. The business’s 50 day simple moving average is $62.19 and its 200 day simple moving average is $58.93.

Institutional Investors 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. Farther Finance Advisors LLC grew its holdings in shares of Invesco S&P MidCap Low Volatility ETF by 375.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 494 shares of the company’s stock worth $30,000 after purchasing an additional 390 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Invesco S&P MidCap Low Volatility ETF during the second quarter worth about $35,000. PSI Advisors LLC increased its position in shares of Invesco S&P MidCap Low Volatility ETF by 144.2% during the second quarter. PSI Advisors LLC now owns 923 shares of the company’s stock valued at $51,000 after acquiring an additional 545 shares during the last quarter. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Invesco S&P MidCap Low Volatility ETF in the 3rd quarter valued at approximately $59,000. Finally, Rothschild Investment LLC purchased a new stake in shares of Invesco S&P MidCap Low Volatility ETF in the 2nd quarter valued at approximately $110,000.

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.