Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) Reaches New 1-Year High – Still a Buy?

Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $109.54 and last traded at $109.1550, with a volume of 88769 shares traded. The stock had previously closed at $107.76.

Invesco S&P 500 Pure Value ETF Stock Up 1.1%

The business’s 50 day moving average is $104.89 and its 200-day moving average is $100.04. The firm has a market cap of $1.74 billion, a P/E ratio of 13.00 and a beta of 0.96.

Institutional Trading of Invesco S&P 500 Pure Value ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Comerica Bank grew its position in shares of Invesco S&P 500 Pure Value ETF by 1.0% in the 4th quarter. Comerica Bank now owns 12,142 shares of the company’s stock worth $1,255,000 after acquiring an additional 115 shares in the last quarter. Assetmark Inc. boosted its holdings 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 worth $43,000 after purchasing an additional 125 shares during the period. IFP Advisors Inc increased its stake in Invesco S&P 500 Pure Value ETF by 31.8% during the third quarter. IFP Advisors Inc now owns 621 shares of the company’s stock valued at $62,000 after purchasing an additional 150 shares during the last quarter. Flagship Harbor Advisors LLC raised its holdings in shares of Invesco S&P 500 Pure Value ETF by 2.6% during the third quarter. Flagship Harbor Advisors LLC now owns 6,587 shares of the company’s stock worth $655,000 after purchasing an additional 165 shares during the period. Finally, Captrust Financial Advisors lifted its position in shares of Invesco S&P 500 Pure Value ETF by 7.0% in the 2nd quarter. Captrust Financial Advisors now owns 2,600 shares of the company’s stock worth $244,000 after buying an additional 171 shares during 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.