Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) Reaches New 52-Week High – Time to Buy?

Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $108.10 and last traded at $108.0680, with a volume of 25572 shares. The stock had previously closed at $106.90.

Invesco S&P 500 Pure Value ETF Stock Up 0.6%

The firm has a market capitalization of $1.55 billion, a PE ratio of 13.00 and a beta of 0.96. The stock’s fifty day simple moving average is $102.61 and its 200 day simple moving average is $98.74.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC purchased a new stake in Invesco S&P 500 Pure Value ETF during the second quarter valued at $1,182,164,000. Armbruster Capital Management Inc. raised its position in shares of Invesco S&P 500 Pure Value ETF by 4.5% during the 2nd quarter. Armbruster Capital Management Inc. now owns 354,834 shares of the company’s stock valued at $33,269,000 after buying an additional 15,373 shares in the last quarter. Strategic Advocates LLC lifted its holdings in shares of Invesco S&P 500 Pure Value ETF by 4.6% in the 3rd quarter. Strategic Advocates LLC now owns 276,123 shares of the company’s stock valued at $27,441,000 after acquiring an additional 12,228 shares during the last quarter. Orion Porfolio Solutions LLC grew its position in Invesco S&P 500 Pure Value ETF by 1,884.3% in the second quarter. Orion Porfolio Solutions LLC now owns 230,019 shares of the company’s stock worth $21,567,000 after acquiring an additional 218,427 shares in the last quarter. Finally, Osaic Holdings Inc. grew its position in Invesco S&P 500 Pure Value ETF by 25.1% in the second quarter. Osaic Holdings Inc. now owns 83,358 shares of the company’s stock worth $7,816,000 after acquiring an additional 16,742 shares in the last quarter.

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.