Cherry Tree Wealth Management LLC Has $5.46 Million Stake in Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV)

Cherry Tree Wealth Management LLC trimmed its stake in shares of Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) by 6.4% in the fourth quarter, HoldingsChannel reports. The firm owned 78,063 shares of the company’s stock after selling 5,330 shares during the quarter. Invesco S&P 500 Low Volatility ETF accounts for about 1.4% of Cherry Tree Wealth Management LLC’s holdings, making the stock its 23rd largest holding. Cherry Tree Wealth Management LLC’s holdings in Invesco S&P 500 Low Volatility ETF were worth $5,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPLV. Bristlecone Advisors LLC bought a new position in Invesco S&P 500 Low Volatility ETF during the third quarter worth $110,000. Clear Harbor Asset Management LLC boosted its position in Invesco S&P 500 Low Volatility ETF by 5.5% during the third quarter. Clear Harbor Asset Management LLC now owns 24,732 shares of the company’s stock worth $1,774,000 after purchasing an additional 1,280 shares during the period. Park Edge Advisors LLC boosted its position in Invesco S&P 500 Low Volatility ETF by 298.9% during the third quarter. Park Edge Advisors LLC now owns 33,497 shares of the company’s stock worth $2,403,000 after purchasing an additional 25,099 shares during the period. First Financial Bankshares Inc bought a new stake in shares of Invesco S&P 500 Low Volatility ETF in the third quarter valued at about $214,000. Finally, Lunt Capital Management Inc. bought a new stake in shares of Invesco S&P 500 Low Volatility ETF in the third quarter valued at about $2,132,000.

Invesco S&P 500 Low Volatility ETF Stock Performance

Shares of Invesco S&P 500 Low Volatility ETF stock opened at $73.18 on Monday. The firm has a 50-day moving average of $70.95 and a 200-day moving average of $71.38. The stock has a market cap of $7.91 billion, a PE ratio of 23.07 and a beta of 0.47. Invesco S&P 500 Low Volatility ETF has a 52-week low of $62.53 and a 52-week high of $75.14.

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.