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

Shares of Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $123.38 and last traded at $123.38, with a volume of 59025 shares changing hands. The stock had previously closed at $121.36.

Invesco S&P 500 Pure Value ETF Stock Performance

The firm has a market cap of $1.72 billion, a P/E ratio of 13.00 and a beta of 0.82. The firm has a 50 day simple moving average of $119.00 and a 200 day simple moving average of $113.56.

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

Several hedge funds have recently bought and sold shares of RPV. Compass Financial Management LLC bought a new stake in Invesco S&P 500 Pure Value ETF in the 2nd quarter worth approximately $26,000. IFC & Insurance Marketing Inc. bought a new position in Invesco S&P 500 Pure Value ETF during the fourth quarter valued at approximately $31,000. MBM Wealth Consultants LLC purchased a new stake in shares of Invesco S&P 500 Pure Value ETF in the 1st quarter valued at $36,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Invesco S&P 500 Pure Value ETF during the fourth quarter valued at about $44,000. Finally, Ascentis Independent Advisors purchased a new position in shares of Invesco S&P 500 Pure Value ETF in the first quarter worth about $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.