Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) Reaches New 1-Year High – What’s Next?

Invesco S&P 500 Pure Value ETF (NYSEARCA:RPVGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $120.34 and last traded at $120.50, with a volume of 6930 shares changing hands. The stock had previously closed at $119.44.

Invesco S&P 500 Pure Value ETF Stock Performance

The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 13.00 and a beta of 0.82. The business’s 50 day moving average price is $115.03 and its 200 day moving average price is $111.20.

Institutional Inflows and Outflows

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

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