Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) Reaches New 12-Month High – Should You Buy?

Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV)’s share price reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $123.69 and last traded at $123.6440, with a volume of 246,409 shares. The stock had previously closed at $121.11.

Invesco S&P 500 Pure Value ETF Price Performance

The firm has a market capitalization of $1.80 billion, a P/E ratio of 13.00 and a beta of 0.83. The stock’s 50-day simple moving average is $119.66 and its two-hundred day simple moving average is $114.42.

Institutional Trading of Invesco S&P 500 Pure Value ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AlphaCore Capital LLC bought a new stake in Invesco S&P 500 Pure Value ETF during the 3rd quarter valued at $2,014,000. Verus Capital Partners LLC acquired a new stake in Invesco S&P 500 Pure Value ETF during the third quarter valued at $999,000. AlphaCentric Advisors LLC raised its holdings in Invesco S&P 500 Pure Value ETF by 109.9% in the 3rd quarter. AlphaCentric Advisors LLC now owns 25,447 shares of the company’s stock worth $2,920,000 after purchasing an additional 13,325 shares during the period. ACR Alpine Capital Research LLC purchased a new stake in Invesco S&P 500 Pure Value ETF in the 3rd quarter worth $28,808,000. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Invesco S&P 500 Pure Value ETF during the 3rd quarter worth about $8,333,000.

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.