Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF (NYSEARCA:XRLV) Stock Price Up 0.3% – Here’s Why

Shares of Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF (NYSEARCA:XRLV) were up 0.3% during mid-day trading on Thursday . The company traded as high as $55.04 and last traded at $55.03. Approximately 7,090 shares were traded during mid-day trading, an increase of 356% from the average daily volume of 1,556 shares. The stock had previously closed at $54.85.

Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF Stock Up 0.3%

The business’s 50-day simple moving average is $55.00 and its 200-day simple moving average is $54.71. The stock has a market cap of $44.57 million, a PE ratio of 23.36 and a beta of 0.83.

Institutional Investors Weigh In On Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF

Several hedge funds have recently bought and sold shares of XRLV. Raymond James Financial Inc. bought a new position in shares of Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF in the fourth quarter worth approximately $272,000. Jane Street Group LLC increased its holdings in Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF by 57.6% during the fourth quarter. Jane Street Group LLC now owns 9,357 shares of the company’s stock valued at $496,000 after buying an additional 3,418 shares during the last quarter. Citadel Advisors LLC increased its stake in shares of Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF by 17.3% in the fourth quarter. Citadel Advisors LLC now owns 7,627 shares of the company’s stock worth $404,000 after purchasing an additional 1,124 shares in the last quarter. Finally, LPL Financial LLC increased its stake in shares of Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF by 407.4% in the first quarter. LPL Financial LLC now owns 116,822 shares of the company’s stock worth $6,610,000 after purchasing an additional 93,798 shares in the last quarter.

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.