International Assets Investment Management LLC Invests $540,000 in Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV)

In the fourth quarter, International Assets Investment Management LLC disclosed an investment in the Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV). The firm purchased a total of 7,749 shares, which amounted to a significant investment of approximately $540,000.

This investment is part of a broader trend among large institutional investors who have also been active in buying and selling shares of SPLV. For instance, Citigroup Inc. notably increased its stake in the fund by an impressive 1,481.1% during the third quarter. Following this, Citigroup now owns 449,469 shares, valued at about $32.24 million after acquiring an additional 421,042 shares.

Other notable investments in the Invesco S&P 500 Low Volatility ETF include a new position taken by Fortis Group Advisors LLC, which valued at around $9.76 million, as well as Tidal Investments LLC, which made an investment of about $8.79 million. PFG Advisors also significantly raised its stake by 359.8%, resulting in ownership of 152,593 shares worth approximately $10.95 million, alongside Benjamin Edwards Inc., which invested about $4.76 million for a new position.

Invesco S&P 500 Low Volatility ETF Price Performance

As of the last trading session, the Invesco S&P 500 Low Volatility ETF opened at $68.32. The 50-day moving average for the stock stands at $71.88, while the 200-day moving average is $70.21. Over the past year, SPLV has seen a low of $62.37 and a high of $75.14. Its current market capitalization is approximately $7.39 billion, with a price-to-earnings ratio of 23.07 and a beta of 0.47, indicating lower volatility compared to the market.

Understanding the Invesco S&P 500 Low Volatility ETF

The Invesco S&P 500 Low Volatility ETF (SPLV) is an exchange-traded fund that aims to replicate the performance of the S&P 500 Low Volatility Index. It focuses on the least volatile stocks within the S&P 500, allowing investors to gain exposure to companies that tend to exhibit lower price fluctuations. Launched on May 5, 2011, the fund is managed by Invesco, a well-known investment management company.

Investors looking to explore additional insights about the fund’s performance or its top holdings can obtain detailed information from various financial resources.

Investment, ETF, Assets