Golden State Wealth Management LLC significantly increased its investment in the Invesco S&P 500 Low Volatility ETF (NYSEARCA: SPLV) by a remarkable 1,113.8% during the second quarter of 2023. According to the firm’s latest 13F filing with the Securities and Exchange Commission (SEC), the company now holds 22,735 shares, having acquired an additional 20,862 shares in the period.
By the end of the most recent quarter, Golden State’s holdings in the Invesco ETF were valued at approximately $1,656,000. This surge in investment reflects a broader trend among hedge funds, with several others also adjusting their positions in the fund.
Other Major Stakeholders in the Invesco ETF
Among the notable adjustments, Kingstone Capital Partners Texas LLC increased its stake by an astounding 723,173.3% during the same quarter. This substantial increase brought its total holdings to 193,822,792 shares, valued at around $14.11 billion. The scale of this investment underscores the growing interest in low-volatility assets as market conditions fluctuate.
Additionally, AdvisorShares Investments LLC entered a new position in the Invesco ETF during the second quarter, valued at approximately $54,539,000. Other firms, such as LPL Financial LLC and Ameriprise Financial Inc., also raised their stakes. LPL Financial increased its holdings by 20.0% in the first quarter, now owning 3,584,663 shares worth around $267,846,000. Similarly, Ameriprise Financial lifted its position by 42.7%, bringing its total to 1,592,513 shares, valued at $118,994,000.
Current Status of Invesco S&P 500 Low Volatility ETF
As of the latest trading session, the Invesco S&P 500 Low Volatility ETF opened at $70.81. The fund has a market capitalization of $7.44 billion and a price-to-earnings (PE) ratio of 24.11. The stock’s performance has shown stability with a beta of 0.62, indicating lower volatility compared to the broader market. Over the past year, the ETF has fluctuated between a low of $67.13 and a high of $75.43.
The Invesco S&P 500 Low Volatility ETF, launched on May 5, 2011, tracks the S&P 500 Low Volatility Index, focusing on the 100 least-volatile stocks within the S&P 500. This strategy appeals to investors seeking to mitigate risk while still participating in market growth.
In summary, the considerable investments by multiple hedge funds, particularly Golden State Wealth Management, highlight the increasing interest in the Invesco S&P 500 Low Volatility ETF. As market conditions evolve, funds like SPLV become critical components of investment strategies aimed at balancing risk and return.
