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The Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF (Fund) is based on the S&P 500 Low Volatility Rate Response Index (Index). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is composed of the 100 constituents of S&P 500 Index that exhibit both low volatility and low interest rate risk. The Underlying Index is designed to include stocks exhibiting low volatility characteristics, after removing stocks that historically have performed poorly in rising interest rate environments. The Fund and Index constituents are rebalanced and reconstitutioned after the close on the third Friday of February, May, August and November. Constituents are weighted relative to the inverse of their volatility, with the least volatile stocks receiving the highest weights.
Invesco S&P 500 Ex-Rate Sensitive Low Volatility ETF trades on the ARCA stock market under the symbol XRLV.
As of April 17, 2024, XRLV stock price climbed to $47.64 with 926 million shares trading.
XRLV has a market cap of $40.02 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, XRLV stock traded as high as $52.08 and as low as $42.76.
XRLV has underperformed the market in the last year with a price return of +1.7% while the SPY ETF gained +23.0%. XRLV has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.5% and -3.9%, respectively, while the SPY returned +5.7% and -3.5%, respectively.
XRLV support price is $47.16 and resistance is $47.82 (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 XRLV stock will trade within this expected range on the day.