Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) Hits New 12-Month High – Still a Buy?

Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) hit a new 52-week high during trading on Wednesday . The company traded as high as $121.61 and last traded at $121.31, with a volume of 296526 shares traded. The stock had previously closed at $120.97.

Invesco S&P 500 Pure Value ETF Stock Performance

The firm’s 50 day moving average price is $117.00 and its 200-day moving average price is $112.40. The firm has a market capitalization of $1.71 billion, a PE ratio of 13.00 and a beta of 0.82.

Hedge Funds Weigh In On Invesco S&P 500 Pure Value ETF

A number of hedge funds have recently bought and sold shares of the business. Legacy Wealth Partners LLC acquired a new position in shares of Invesco S&P 500 Pure Value ETF during the 1st quarter worth about $1,681,000. Strategic Advocates LLC boosted its holdings in Invesco S&P 500 Pure Value ETF by 4.4% in the 4th quarter. Strategic Advocates LLC now owns 288,160 shares of the company’s stock worth $29,963,000 after buying an additional 12,037 shares during the last quarter. Fidelity D & D Bancorp Inc. boosted its holdings in Invesco S&P 500 Pure Value ETF by 95.7% in the 4th quarter. Fidelity D & D Bancorp Inc. now owns 179,531 shares of the company’s stock worth $18,556,000 after buying an additional 87,811 shares during the last quarter. New England Private Wealth Advisors LLC increased its stake in 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 in the last quarter. Finally, Integrity Alliance LLC. purchased a new stake in Invesco S&P 500 Pure Value ETF during the 4th quarter worth approximately $3,125,000.

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.