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The Invesco S&P MidCap Low Volatility ETF (Fund) is based on the S&P MidCap 400 Low Volatility Index (Index). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poors, consisting of 80 out of 400 medium-capitalization securities from the S&P MidCap 400 Index with the lowest realized volatility over the past 12 months. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The Fund and the Index are rebalanced and reconstituted quarterly.
Invesco S&P Midcap Low Volatility ETF trades on the ARCA stock market under the symbol XMLV.
As of March 28, 2024, XMLV stock price climbed to $56.40 with 24,715 million shares trading.
XMLV has a beta of 0.79, meaning it tends to be less sensitive to market movements. XMLV has a correlation of 0.50 to the broad based SPY ETF.
XMLV has a market cap of $830.21 million. This is considered a Small Cap stock.
In the last 3 years, XMLV stock traded as high as $58.81 and as low as $47.34.
XMLV has underperformed the market in the last year with a return of +12.5%, while the SPY ETF gained +33.6%. In the last 3 month period, XMLV fell short of the market, returning +6.3%, while SPY returned +10.1%. However, in the most recent 2 weeks XMLV has outperformed the stock market by returning +2.3%, while SPY returned +1.7%.
XMLV support price is $55.81 and resistance is $56.57 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that XMLV stock will trade within this expected range on the day.