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

Shares of Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) hit a new 52-week high during trading on Tuesday . The stock traded as high as $109.54 and last traded at $109.1550, with a volume of 88769 shares traded. The stock had previously closed at $107.76.

Invesco S&P 500 Pure Value ETF Trading Down 0.8%

The stock’s 50-day moving average is $105.40 and its 200-day moving average is $100.30. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 13.00 and a beta of 0.96.

Institutional Trading of Invesco S&P 500 Pure Value ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AlphaCore Capital LLC acquired a new position in Invesco S&P 500 Pure Value ETF during the 4th quarter worth approximately $2,375,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Invesco S&P 500 Pure Value ETF by 861.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 234,437 shares of the company’s stock valued at $24,231,000 after acquiring an additional 210,053 shares in the last quarter. ACR Alpine Capital Research LLC bought a new stake in shares of Invesco S&P 500 Pure Value ETF during the fourth quarter valued at approximately $36,485,000. Allworth Financial LP raised its position in shares of Invesco S&P 500 Pure Value ETF by 5.2% during the fourth quarter. Allworth Financial LP now owns 2,635 shares of the company’s stock worth $272,000 after purchasing an additional 131 shares during the period. Finally, Money Concepts Capital Corp lifted its holdings in shares of Invesco S&P 500 Pure Value ETF by 0.7% in the 4th quarter. Money Concepts Capital Corp now owns 14,239 shares of the company’s stock worth $1,472,000 after purchasing an additional 96 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.