Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) Sets New 1-Year High – Should You Buy?

Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $118.21 and last traded at $118.08, with a volume of 20185 shares changing hands. The stock had previously closed at $116.57.

Invesco S&P 500 Pure Value ETF Trading Down 0.3%

The company has a market cap of $1.59 billion, a P/E ratio of 13.00 and a beta of 0.82. The company’s fifty day moving average is $113.71 and its 200 day moving average is $110.31.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RPV. IFC & Insurance Marketing Inc. purchased a new position in shares of Invesco S&P 500 Pure Value ETF in the fourth quarter worth about $31,000. MBM Wealth Consultants LLC purchased a new stake in Invesco S&P 500 Pure Value ETF during the 1st quarter valued at about $36,000. Assetmark Inc. grew its position in Invesco S&P 500 Pure Value ETF by 42.7% during the 4th quarter. Assetmark Inc. now owns 418 shares of the company’s stock worth $43,000 after acquiring an additional 125 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Invesco S&P 500 Pure Value ETF during the 4th quarter worth approximately $44,000. Finally, Ascentis Independent Advisors purchased a new position in Invesco S&P 500 Pure Value ETF in the 1st quarter worth approximately $48,000.

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.