Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) Sets New 12-Month High – Should You Buy?

Invesco S&P 500 Pure Value ETF (NYSEARCA:RPVGet Free Report)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $123.38 and last traded at $123.38, with a volume of 59025 shares traded. The stock had previously closed at $121.36.

Invesco S&P 500 Pure Value ETF Stock Performance

The firm has a market cap of $1.72 billion, a PE ratio of 13.00 and a beta of 0.82. The company has a 50 day simple moving average of $119.36 and a two-hundred day simple moving average of $113.71.

Institutional Trading of Invesco S&P 500 Pure Value ETF

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

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.

Further Reading

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