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 mid-day trading on Wednesday . The stock traded as high as $119.75 and last traded at $119.63, with a volume of 7660 shares. The stock had previously closed at $118.52.

Invesco S&P 500 Pure Value ETF Trading Up 0.5%

The stock has a 50-day simple moving average of $114.43 and a 200 day simple moving average of $110.81. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 13.00 and a beta of 0.82.

Institutional Trading of Invesco S&P 500 Pure Value ETF

A number of institutional investors have recently bought and sold shares of RPV. Royal Bank of Canada lifted its holdings in shares of Invesco S&P 500 Pure Value ETF by 19.7% during the 1st quarter. Royal Bank of Canada now owns 28,556 shares of the company’s stock valued at $2,637,000 after buying an additional 4,694 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Invesco S&P 500 Pure Value ETF by 163.7% in the first quarter. Jones Financial Companies Lllp now owns 10,103 shares of the company’s stock worth $933,000 after buying an additional 6,272 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Invesco S&P 500 Pure Value ETF by 83.8% in the first quarter. Goldman Sachs Group Inc. now owns 51,215 shares of the company’s stock worth $4,730,000 after buying an additional 23,346 shares during the last quarter. Baird Financial Group Inc. raised its position in Invesco S&P 500 Pure Value ETF by 15.9% during the second quarter. Baird Financial Group Inc. now owns 3,853 shares of the company’s stock valued at $361,000 after acquiring an additional 530 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its position in Invesco S&P 500 Pure Value ETF by 552.7% during the second quarter. Qube Research & Technologies Ltd now owns 3,146 shares of the company’s stock valued at $295,000 after acquiring an additional 2,664 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.