Cornerstone Planning Group LLC Makes New $27,000 Investment in Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV)

Cornerstone Planning Group LLC purchased a new stake in Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) in the 4th quarter, HoldingsChannel reports. The fund purchased 378 shares of the company’s stock, valued at approximately $27,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alaska Permanent Fund Corp raised its position in Invesco S&P 500 Low Volatility ETF by 1.6% during the fourth quarter. Alaska Permanent Fund Corp now owns 4,566,374 shares of the company’s stock valued at $319,646,000 after buying an additional 73,093 shares during the period. Merit Financial Group LLC increased its holdings in shares of Invesco S&P 500 Low Volatility ETF by 11,765.4% in 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 period. PNC Financial Services Group Inc. lifted its position in shares of Invesco S&P 500 Low Volatility ETF by 2.9% in the third quarter. PNC Financial Services Group Inc. now owns 1,273,685 shares of the company’s stock worth $91,361,000 after purchasing an additional 36,008 shares in the last quarter. Lockheed Martin Investment Management Co. boosted its holdings in shares of 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 worth $61,964,000 after purchasing an additional 556,000 shares during the period. Finally, Citigroup Inc. grew its position in 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 purchasing an additional 421,042 shares in the last quarter.

Invesco S&P 500 Low Volatility ETF Stock Down 0.3 %

SPLV stock opened at $71.87 on Monday. The company has a 50 day moving average of $71.00 and a two-hundred day moving average of $70.99. The company has a market cap of $7.77 billion, a price-to-earnings ratio of 23.07 and a beta of 0.47. Invesco S&P 500 Low Volatility ETF has a 12-month low of $62.37 and a 12-month 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.