Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) Reaches New 1-Year High – What’s Next?

Shares of Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $120.34 and last traded at $120.50, with a volume of 6930 shares. The stock had previously closed at $119.44.

Invesco S&P 500 Pure Value ETF Stock Performance

The firm has a fifty day moving average price of $115.03 and a 200 day moving average price of $111.20. The stock has a market cap of $1.65 billion, a PE ratio of 13.00 and a beta of 0.82.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RPV. IFC & Insurance Marketing Inc. acquired a new stake in Invesco S&P 500 Pure Value ETF in the fourth quarter worth about $31,000. MBM Wealth Consultants LLC acquired a new position in shares of Invesco S&P 500 Pure Value ETF during the first quarter valued at about $36,000. Assetmark Inc. raised its position in shares of 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 valued at $43,000 after purchasing an additional 125 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Invesco S&P 500 Pure Value ETF in the 4th quarter valued at approximately $44,000. Finally, Ascentis Independent Advisors purchased a new position in shares of Invesco S&P 500 Pure Value ETF in the 1st quarter valued at approximately $48,000.

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.