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

Shares of Invesco S&P 500 Pure Value ETF (NYSEARCA:RPVGet Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $121.61 and last traded at $121.31, with a volume of 296526 shares trading hands. The stock had previously closed at $120.97.

Invesco S&P 500 Pure Value ETF Stock Up 0.3%

The stock has a market capitalization of $1.69 billion, a PE ratio of 13.00 and a beta of 0.82. The firm has a 50 day moving average price of $116.69 and a 200 day moving average price of $112.21.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Legacy Wealth Partners LLC bought a new stake in Invesco S&P 500 Pure Value ETF during the first quarter worth $1,681,000. Strategic Advocates LLC grew its stake in Invesco S&P 500 Pure Value ETF by 4.4% in the 4th quarter. Strategic Advocates LLC now owns 288,160 shares of the company’s stock valued at $29,963,000 after purchasing an additional 12,037 shares during the period. Fidelity D & D Bancorp Inc. grew its stake in Invesco S&P 500 Pure Value ETF by 95.7% in the 4th quarter. Fidelity D & D Bancorp Inc. now owns 179,531 shares of the company’s stock valued at $18,556,000 after purchasing an additional 87,811 shares during the period. New England Private Wealth Advisors LLC increased its position in shares of Invesco S&P 500 Pure Value ETF by 2,001.6% during the 4th quarter. New England Private Wealth Advisors LLC now owns 346,868 shares of the company’s stock valued at $35,868,000 after purchasing an additional 330,363 shares during the last quarter. Finally, Integrity Alliance LLC. purchased a new stake in shares of Invesco S&P 500 Pure Value ETF during the 4th quarter valued at $3,125,000.

Invesco S&P 500 Pure Value ETF Company Profile

(Get Free Report)

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.

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