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

Invesco S&P 500 Pure Value ETF (NYSEARCA:RPVGet Free Report)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $102.85 and last traded at $102.6290, with a volume of 15784 shares trading hands. The stock had previously closed at $102.04.

Invesco S&P 500 Pure Value ETF Trading Up 1.0%

The stock has a market capitalization of $1.44 billion, a PE ratio of 13.00 and a beta of 0.96. The stock’s fifty day simple moving average is $99.99 and its 200-day simple moving average is $96.57.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Optiver Holding B.V. purchased a new position in shares of Invesco S&P 500 Pure Value ETF in the 3rd quarter worth approximately $37,000. PNC Financial Services Group Inc. bought a new stake in Invesco S&P 500 Pure Value ETF during the third quarter worth $56,000. IFP Advisors Inc boosted its position in Invesco S&P 500 Pure Value ETF by 31.8% in the third quarter. IFP Advisors Inc now owns 621 shares of the company’s stock worth $62,000 after purchasing an additional 150 shares during the last quarter. SYM FINANCIAL Corp purchased a new position in Invesco S&P 500 Pure Value ETF in the second quarter worth $67,000. Finally, Jackson Hole Capital Partners LLC bought a new position in Invesco S&P 500 Pure Value ETF in the 3rd quarter valued at $77,000.

About Invesco S&P 500 Pure Value ETF

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Invesco S&P 500 Pure Value ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Pure Value ETF and related companies with MarketBeat.com's FREE daily email newsletter.