Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF (NYSEARCA:XRLV) Shares Down 0.4% – Here’s Why

by · The Cerbat Gem

Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF (NYSEARCA:XRLV – Get Free Report)’s stock price dropped 0.4% during mid-day trading on Thursday . The company traded as low as $53.99 and last traded at $53.99. Approximately 553 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 2,511 shares. The stock had previously closed at $54.19.

Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF Stock Performance

The stock has a market cap of $34.55 million, a price-to-earnings ratio of 23.36 and a beta of 0.65. The company has a 50-day simple moving average of $54.56 and a two-hundred day simple moving average of $54.96.

Hedge Funds Weigh In On Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF

A number of hedge funds have recently bought and sold shares of XRLV. Citadel Advisors LLC raised its stake in Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF by 10.7% during the third quarter. Citadel Advisors LLC now owns 5,191 shares of the company’s stock worth $289,000 after acquiring an additional 501 shares in the last quarter. Two Sigma Investments LP acquired a new position in Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF during the 3rd quarter worth approximately $406,000. Susquehanna International Group LLP increased its position in Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF by 41.4% during the 3rd quarter. Susquehanna International Group LLP now owns 9,119 shares of the company’s stock worth $507,000 after purchasing an additional 2,670 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF by 4.0% during the second quarter. Osaic Holdings Inc. now owns 21,088 shares of the company’s stock worth $1,161,000 after buying an additional 820 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF by 3.1% during the second quarter. Bank of America Corp DE now owns 29,621 shares of the company’s stock worth $1,631,000 after buying an additional 885 shares in the last quarter.

Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF Company Profile

(Get Free Report)

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.

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