Cambria Investment Management L.P. Buys New Position in Invesco S&P 500 Low Volatility ETF $SPLV

Cambria Investment Management L.P. purchased a new stake in Invesco S&P 500 Low Volatility ETF (NYSEARCA:SPLV) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 148,569 shares of the company’s stock, valued at approximately $10,917,000. Invesco S&P 500 Low Volatility ETF comprises 0.6% of Cambria Investment Management L.P.’s holdings, making the stock its 29th biggest holding. Cambria Investment Management L.P. owned about 0.14% of Invesco S&P 500 Low Volatility ETF at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bank of Montreal Can increased its holdings in shares of Invesco S&P 500 Low Volatility ETF by 1,951.0% during the third quarter. Bank of Montreal Can now owns 2,926,999 shares of the company’s stock valued at $215,076,000 after acquiring an additional 2,784,291 shares in the last quarter. Bank of America Corp DE boosted its stake in Invesco S&P 500 Low Volatility ETF by 16.8% in the 3rd quarter. Bank of America Corp DE now owns 8,045,945 shares of the company’s stock worth $591,216,000 after purchasing an additional 1,156,550 shares in the last quarter. Two Sigma Investments LP grew its position in Invesco S&P 500 Low Volatility ETF by 301.0% during the 3rd quarter. Two Sigma Investments LP now owns 1,442,700 shares of the company’s stock worth $106,010,000 after purchasing an additional 1,082,900 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in Invesco S&P 500 Low Volatility ETF by 683.2% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 548,402 shares of the company’s stock worth $40,279,000 after purchasing an additional 478,382 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Invesco S&P 500 Low Volatility ETF by 26.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,016,453 shares of the company’s stock valued at $147,348,000 after purchasing an additional 423,940 shares in the last quarter.

Invesco S&P 500 Low Volatility ETF Trading Down 1.7%

NYSEARCA SPLV opened at $73.76 on Thursday. The company has a fifty day simple moving average of $74.58 and a two-hundred day simple moving average of $72.98. The stock has a market cap of $7.54 billion, a P/E ratio of 24.11 and a beta of 0.62. Invesco S&P 500 Low Volatility ETF has a 12-month low of $67.13 and a 12-month high of $77.74.

Invesco S&P 500 Low Volatility ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Monday, February 23rd were given a $0.1346 dividend. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, February 23rd.

Invesco S&P 500 Low Volatility ETF Profile

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.