Acorn Wealth Advisors LLC Cuts Stock Position in Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV)

Acorn Wealth Advisors LLC trimmed its position in shares of Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) by 7.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,572 shares of the company’s stock after selling 2,061 shares during the period. Acorn Wealth Advisors LLC’s holdings in Invesco S&P 500 Low Volatility ETF were worth $1,860,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SPLV. Merit Financial Group LLC grew its holdings in shares of Invesco S&P 500 Low Volatility ETF by 11,765.4% during the 4th quarter. Merit Financial Group LLC now owns 1,731,156 shares of the company’s stock valued at $121,181,000 after purchasing an additional 1,716,566 shares during the last quarter. Lockheed Martin Investment Management Co. boosted its position in Invesco S&P 500 Low Volatility ETF by 168.9% during the fourth quarter. Lockheed Martin Investment Management Co. now owns 885,200 shares of the company’s stock valued at $61,964,000 after buying an additional 556,000 shares during the period. Citigroup Inc. grew its stake in shares of Invesco S&P 500 Low Volatility ETF by 1,481.1% during the third quarter. Citigroup Inc. now owns 449,469 shares of the company’s stock valued at $32,240,000 after buying an additional 421,042 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Invesco S&P 500 Low Volatility ETF by 97.5% in the fourth quarter. Private Advisor Group LLC now owns 673,494 shares of the company’s stock worth $47,145,000 after buying an additional 332,413 shares during the period. Finally, Tidal Investments LLC bought a new stake in shares of Invesco S&P 500 Low Volatility ETF in the 3rd quarter valued at about $8,791,000.

Invesco S&P 500 Low Volatility ETF Price Performance

Shares of SPLV stock opened at $73.46 on Tuesday. The business has a 50-day moving average of $70.95 and a 200 day moving average of $71.38. Invesco S&P 500 Low Volatility ETF has a 1-year low of $62.53 and a 1-year high of $75.14. The stock has a market capitalization of $7.56 billion, a PE ratio of 23.63 and a beta of 0.72.

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.