Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) Sets New 12-Month High – Here’s Why

Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) shares hit a new 52-week high during trading on Monday . The company traded as high as $111.78 and last traded at $110.8450, with a volume of 88386 shares trading hands. The stock had previously closed at $110.21.

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

The company has a market cap of $1.75 billion, a P/E ratio of 13.00 and a beta of 0.96. The business has a 50-day moving average price of $105.58 and a two-hundred day moving average price of $100.51.

Institutional Trading of Invesco S&P 500 Pure Value ETF

A number of hedge funds have recently modified their holdings of RPV. Money Concepts Capital Corp increased its position in shares of Invesco S&P 500 Pure Value ETF by 0.7% during the fourth quarter. Money Concepts Capital Corp now owns 14,239 shares of the company’s stock worth $1,472,000 after acquiring an additional 96 shares in the last quarter. Comerica Bank boosted its stake in 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 purchasing an additional 115 shares during the period. Assetmark Inc. boosted its stake in Invesco S&P 500 Pure Value ETF by 42.7% in the 4th quarter. Assetmark Inc. now owns 418 shares of the company’s stock worth $43,000 after purchasing an additional 125 shares during the period. Allworth Financial LP increased its holdings in Invesco S&P 500 Pure Value ETF by 5.2% during the 4th quarter. Allworth Financial LP now owns 2,635 shares of the company’s stock worth $272,000 after purchasing an additional 131 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in shares of Invesco S&P 500 Pure Value ETF by 31.8% in the 3rd 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 period.

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.