Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) Hits New 52-Week High – Should You Buy?

Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) shares reached a new 52-week high during mid-day trading 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 Trading Up 1.7%

The stock has a 50 day simple moving average of $119.00 and a 200 day simple moving average of $113.56. The firm has a market capitalization of $1.72 billion, a PE ratio of 13.00 and a beta of 0.82.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Compass Financial Management LLC purchased a new stake in Invesco S&P 500 Pure Value ETF in the second quarter worth about $26,000. IFC & Insurance Marketing Inc. bought a new position in shares of Invesco S&P 500 Pure Value ETF during the fourth quarter valued at approximately $31,000. MBM Wealth Consultants LLC bought a new position in shares of Invesco S&P 500 Pure Value ETF during the first quarter valued at approximately $36,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Invesco S&P 500 Pure Value ETF during the fourth quarter valued at approximately $44,000. Finally, Ascentis Independent Advisors purchased a new position in shares of Invesco S&P 500 Pure Value ETF during the first quarter valued at approximately $48,000.

About Invesco S&P 500 Pure Value ETF

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.