Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) Sets New 1-Year High – Still a Buy?

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

Invesco S&P 500 Pure Value ETF Stock Down 1.0%

The company’s fifty day simple moving average is $115.40 and its two-hundred day simple moving average is $111.40. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 13.00 and a beta of 0.82.

Institutional Trading of Invesco S&P 500 Pure Value ETF

Large investors have recently made changes to their positions in the company. IFC & Insurance Marketing Inc. bought a new position in Invesco S&P 500 Pure Value ETF during the fourth quarter worth about $31,000. MBM Wealth Consultants LLC acquired a new position in Invesco S&P 500 Pure Value ETF in the first quarter valued at about $36,000. Assetmark Inc. increased its holdings in shares of Invesco S&P 500 Pure Value ETF by 42.7% in the fourth quarter. Assetmark Inc. now owns 418 shares of the company’s stock worth $43,000 after acquiring an additional 125 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Invesco S&P 500 Pure Value ETF in the fourth quarter worth about $44,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of Invesco S&P 500 Pure Value ETF during 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.