Avantax Advisory Services Inc. Sells 2,620 Shares of Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV)

Avantax Advisory Services Inc. reduced its position in Invesco S&P MidCap Low Volatility ETF (NYSEARCA:XMLV) by 21.2% during the fourth quarter, HoldingsChannel reports. The fund owned 9,763 shares of the company’s stock after selling 2,620 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Invesco S&P MidCap Low Volatility ETF were worth $594,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Independent Advisor Alliance bought a new position in Invesco S&P MidCap Low Volatility ETF in the 4th quarter worth approximately $1,304,000. Daiwa Securities Group Inc. grew its position in shares of Invesco S&P MidCap Low Volatility ETF by 27.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 7,800 shares of the company’s stock valued at $474,000 after purchasing an additional 1,700 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Invesco S&P MidCap Low Volatility ETF during the 4th quarter valued at $10,750,000. Synergy Investment Management LLC bought a new position in Invesco S&P MidCap Low Volatility ETF in the 4th quarter worth about $183,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in Invesco S&P MidCap Low Volatility ETF by 15.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,527 shares of the company’s stock worth $215,000 after purchasing an additional 463 shares in the last quarter.

Invesco S&P MidCap Low Volatility ETF Price Performance

XMLV opened at $61.14 on Friday. The firm has a market capitalization of $772.81 million, a P/E ratio of 18.03 and a beta of 0.83. Invesco S&P MidCap Low Volatility ETF has a one year low of $53.37 and a one year high of $65.99. The company has a fifty day moving average price of $61.56 and a 200-day moving average price of $61.73.

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.