Financial Advocates Investment Management Trims Position in Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV)

Financial Advocates Investment Management lowered its holdings in Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) by 17.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,603 shares of the company’s stock after selling 3,052 shares during the period. Financial Advocates Investment Management owned 0.10% of Invesco S&P MidCap Low Volatility ETF worth $888,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in XMLV. Farther Finance Advisors LLC increased its stake 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 valued at $30,000 after acquiring an additional 390 shares during the last quarter. Ipswich Investment Management Co. Inc. acquired a new position in Invesco S&P MidCap Low Volatility ETF during the third quarter worth approximately $217,000. International Assets Investment Management LLC purchased a new position in Invesco S&P MidCap Low Volatility ETF during the fourth quarter worth approximately $295,000. Marshall Financial Group LLC acquired a new position in shares of Invesco S&P MidCap Low Volatility ETF in the 3rd quarter valued at $307,000. Finally, CFS Investment Advisory Services LLC purchased a new stake in shares of Invesco S&P MidCap Low Volatility ETF during the 3rd quarter valued at $315,000.

Invesco S&P MidCap Low Volatility ETF Trading Down 0.7 %

Shares of XMLV opened at $61.57 on Friday. Invesco S&P MidCap Low Volatility ETF has a twelve month low of $52.40 and a twelve month high of $65.99. The firm has a market capitalization of $888.46 million, a P/E ratio of 17.33 and a beta of 0.72. The stock’s fifty day simple moving average is $61.92 and its 200 day simple moving average is $61.06.

Invesco S&P MidCap Low Volatility ETF Profile

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.