SteelPeak Wealth LLC Decreases Position in Invesco S&P International Developed Low Volatility ETF

SteelPeak Wealth LLC, an institutional investment firm, has reduced its holdings in the Invesco S&P International Developed Low Volatility ETF (NYSEARCA:IDLV) by selling 2,082 shares, a 12.0% decrease from their previous stake. After this divestment during the third quarter, SteelPeak Wealth LLC's ownership in IDLV stands at 15,325 shares. According to its 13F filing with the Securities and Exchange Commission (SEC), SteelPeak Wealth's remaining stake represents approximately 0.07% of the ETF, with an estimated value of $400,000.

Market Activity and Other Investors' Moves

In addition to SteelPeak Wealth LLC's sale, other institutional investors and hedge funds have adjusted their investments in IDLV. Flow Traders U.S. LLC established a new position worth around $214,000 in the second quarter, while Natixis entered during the fourth quarter with a stake valued near $216,000. Geneos Wealth Management Inc. significantly increased its holding by 168.5%, owning 8,231 shares valued at $256,000. In consecutive quarters, Mosaic Family Wealth Partners LLC and Private Advisor Group LLC also initiated positions in IDLV, valued at roughly $252,000 and $261,000, respectively.

IDLV Performance Overview

The ETF experienced a slight decrease of 0.4% in its trading value, with an opening price of $27.81 on a recent Wednesday. The Invesco S&P International Developed Low Volatility ETF has a market capitalization of $606.26 million and trades with a price-to-earnings ratio of 16.03. The fund has exhibited relative stability with a beta of 0.62. Over the past year, IDLV shares have fluctuated between a low of $25.24 and a high of $28.60, while maintaining a fifty-day simple moving average of $27.55 and a 200-day simple moving average of $27.02.

About the ETF

The Invesco S&P International Developed Low Volatility ETF is designed to provide exposure to approximately 200 low-volatility stocks from the S&P Developed ex-US and South Korea LargeMidCap BMI Index. The fund, managed by Invesco, was launched on January 13, 2012, aiming to deliver investment results corresponding to the total return performance of the applied index.

SteelPeak, Invesco, IDLV