Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) Reaches New 52-Week High – What’s Next?

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 $115.00 and last traded at $114.91, with a volume of 21091 shares changing hands. The stock had previously closed at $114.77.

Invesco S&P 500 Pure Value ETF Stock Performance

The business’s 50 day moving average price is $110.60 and its 200-day moving average price is $108.10. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 13.00 and a beta of 0.82.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RPV. Assetmark Inc. boosted its holdings in Invesco S&P 500 Pure Value ETF by 169,496.2% during the first quarter. Assetmark Inc. now owns 708,912 shares of the company’s stock valued at $76,130,000 after purchasing an additional 708,494 shares in the last quarter. ACR Alpine Capital Research LLC bought a new position in shares of Invesco S&P 500 Pure Value ETF during the 4th quarter worth approximately $36,485,000. 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 worth $35,868,000 after buying an additional 330,363 shares during the period. Orion Porfolio Solutions LLC boosted its stake in Invesco S&P 500 Pure Value ETF by 1,884.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 230,019 shares of the company’s stock valued at $21,567,000 after buying an additional 218,427 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Invesco S&P 500 Pure Value ETF by 861.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 234,437 shares of the company’s stock valued at $24,231,000 after buying an additional 210,053 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.