Invesco S&P 500 Enhanced Value ETF (NYSEARCA:SPVU) Trading Up 0.6% – Should You Buy?

Invesco S&P 500 Enhanced Value ETF (NYSEARCA:SPVU)’s share price rose 0.6% during trading on Friday . The company traded as high as $66.9550 and last traded at $66.9239. 2,084 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 16,106 shares. The stock had previously closed at $66.5048.

Invesco S&P 500 Enhanced Value ETF Price Performance

The company has a market capitalization of $145.22 million, a PE ratio of 12.20 and a beta of 0.96. The company has a 50-day moving average of $66.92 and a two-hundred day moving average of $64.68.

Institutional Investors Weigh In On Invesco S&P 500 Enhanced Value ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its holdings in Invesco S&P 500 Enhanced Value ETF by 38.4% during the first quarter. Bank of America Corp DE now owns 254,177 shares of the company’s stock worth $15,110,000 after buying an additional 70,558 shares in the last quarter. Invesco Ltd. increased its holdings in Invesco S&P 500 Enhanced Value ETF by 63.3% in the second quarter. Invesco Ltd. now owns 158,980 shares of the company’s stock valued at $8,271,000 after buying an additional 61,618 shares in the last quarter. Sequent Planning LLC raised its position in shares of Invesco S&P 500 Enhanced Value ETF by 225.4% in the fourth quarter. Sequent Planning LLC now owns 12,383 shares of the company’s stock worth $707,000 after acquiring an additional 8,577 shares during the period. WealthPlan Investment Management LLC acquired a new position in shares of Invesco S&P 500 Enhanced Value ETF in the fourth quarter worth about $276,000. Finally, Lmcg Investments LLC boosted its stake in shares of Invesco S&P 500 Enhanced Value ETF by 12.9% during the 1st quarter. Lmcg Investments LLC now owns 37,406 shares of the company’s stock worth $2,224,000 after acquiring an additional 4,268 shares in the last quarter.

Invesco S&P 500 Enhanced Value ETF Company Profile

The Invesco S&P 500 Enhanced Value ETF (SPVU) is an exchange-traded fund that is based on the S&P 500 Enhanced Value index. The fund tracks an index of 100 S&P 500 components with the strongest value metrics. SPVU was launched on Oct 9, 2015 and is managed by Invesco.