Ellis Investment Partners LLC Decreases Stock Position in Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV)
by Scott Moore · The Cerbat GemEllis Investment Partners LLC cut its holdings in Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV – Free Report) by 1.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 54,184 shares of the company’s stock after selling 703 shares during the quarter. Invesco S&P 500 Low Volatility ETF comprises 0.8% of Ellis Investment Partners LLC’s holdings, making the stock its 25th largest position. Ellis Investment Partners LLC owned 0.05% of Invesco S&P 500 Low Volatility ETF worth $3,887,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Invesco S&P 500 Low Volatility ETF in the second quarter valued at about $48,000. Triad Wealth Partners LLC purchased a new position in shares of Invesco S&P 500 Low Volatility ETF in the second quarter worth about $50,000. Ulland Investment Advisors LLC purchased a new position in shares of Invesco S&P 500 Low Volatility ETF in the third quarter worth about $50,000. Massmutual Trust Co. FSB ADV purchased a new position in shares of Invesco S&P 500 Low Volatility ETF in the third quarter worth about $61,000. Finally, Private Ocean LLC purchased a new position in shares of Invesco S&P 500 Low Volatility ETF in the second quarter worth about $65,000.
Invesco S&P 500 Low Volatility ETF Stock Down 1.1 %
Shares of NYSEARCA:SPLV traded down $0.80 during trading on Friday, hitting $71.38. The stock had a trading volume of 1,775,912 shares, compared to its average volume of 1,870,908. Invesco S&P 500 Low Volatility ETF has a 12-month low of $57.35 and a 12-month high of $73.32. The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of 23.07 and a beta of 0.47. The stock has a 50-day simple moving average of $71.23 and a two-hundred day simple moving average of $67.51.
About Invesco S&P 500 Low Volatility ETF
The Invesco S&P 500 Low Volatility ETF (SPLV) is an exchange-traded fund that is based on the S&P 500 Low Volatility index. The fund tracks a volatility-weighted index of the 100 least-volatile stocks in the S&P 500. SPLV was launched on May 5, 2011 and is managed by Invesco.
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