Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) Reaches New 52-Week High – Time to Buy?

Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $123.22 and last traded at $123.19, with a volume of 13211 shares changing hands. The stock had previously closed at $121.85.

Invesco S&P 500 Pure Value ETF Price Performance

The company’s 50-day moving average price is $117.47 and its 200-day moving average price is $112.72. The company has a market cap of $1.72 billion, a P/E ratio of 13.00 and a beta of 0.82.

Hedge Funds Weigh In On Invesco S&P 500 Pure Value ETF

Large investors have recently bought and sold shares of the company. Assetmark Inc. boosted its holdings in shares of Invesco S&P 500 Pure Value ETF by 169,496.2% in the 1st quarter. Assetmark Inc. now owns 708,912 shares of the company’s stock valued at $76,130,000 after buying an additional 708,494 shares during the last quarter. ACR Alpine Capital Research LLC acquired a new position in Invesco S&P 500 Pure Value ETF during the fourth quarter worth $36,485,000. New England Private Wealth Advisors LLC increased its holdings in Invesco S&P 500 Pure Value ETF by 2,001.6% during the fourth quarter. New England Private Wealth Advisors LLC now owns 346,868 shares of the company’s stock worth $35,868,000 after buying an additional 330,363 shares during the last quarter. Orion Porfolio Solutions LLC raised its position in Invesco S&P 500 Pure Value ETF by 1,884.3% during the second quarter. Orion Porfolio Solutions LLC now owns 230,019 shares of the company’s stock worth $21,567,000 after acquiring an additional 218,427 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Invesco S&P 500 Pure Value ETF by 861.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 234,437 shares of the company’s stock worth $24,231,000 after acquiring an additional 210,053 shares in the last quarter.

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.