Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) Reaches New 12-Month High – Still a Buy?

Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $121.35 and last traded at $120.48, with a volume of 5091 shares traded. The stock had previously closed at $120.28.

Invesco S&P 500 Pure Value ETF Stock Down 0.1%

The firm has a market cap of $1.68 billion, a PE ratio of 13.00 and a beta of 0.82. The company has a 50-day simple moving average of $116.14 and a two-hundred day simple moving average of $111.83.

Institutional Investors Weigh In On Invesco S&P 500 Pure Value ETF

A number of hedge funds have recently made changes to their positions in RPV. IFC & Insurance Marketing Inc. bought a new position in Invesco S&P 500 Pure Value ETF during the fourth quarter valued at about $31,000. MBM Wealth Consultants LLC bought a new stake in Invesco S&P 500 Pure Value ETF in the first quarter worth about $36,000. Assetmark Inc. boosted its stake in Invesco S&P 500 Pure Value ETF by 42.7% in the fourth quarter. Assetmark Inc. now owns 418 shares of the company’s stock valued at $43,000 after acquiring an additional 125 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Invesco S&P 500 Pure Value ETF in the fourth quarter valued at about $44,000. Finally, Ascentis Independent Advisors bought a new position in shares of Invesco S&P 500 Pure Value ETF during the 1st quarter valued at approximately $48,000.

Invesco S&P 500 Pure Value ETF Company Profile

The Invesco S&P 500 Pure Value ETF (RPV) is an exchange-traded fund that is based on the S&P 500\u002FCitigroup Pure Value index. The fund tracks an index of primarily large-cap, committee-selected US stocks. The index covers about 33% of the S&P 500’s market cap, using three factors to select value stocks. RPV was launched on Mar 1, 2006 and is managed by Invesco.