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) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $119.75 and last traded at $119.63, with a volume of 7660 shares. The stock had previously closed at $118.52.

Invesco S&P 500 Pure Value ETF Trading Up 0.5%

The stock has a market cap of $1.62 billion, a P/E ratio of 13.00 and a beta of 0.82. The firm’s fifty day moving average is $114.43 and its 200 day moving average is $110.81.

Institutional Trading of Invesco S&P 500 Pure Value ETF

Institutional investors have recently made changes to their positions in the business. Morgan Stanley increased its stake in shares of Invesco S&P 500 Pure Value ETF by 14.4% in the fourth quarter. Morgan Stanley now owns 1,595,954 shares of the company’s stock valued at $164,958,000 after buying an additional 201,464 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Invesco S&P 500 Pure Value ETF by 169,496.2% in the first quarter. Assetmark Inc. now owns 708,912 shares of the company’s stock valued at $76,130,000 after purchasing an additional 708,494 shares in the last quarter. Armbruster Capital Management Inc. raised its position in Invesco S&P 500 Pure Value ETF by 4.4% in the 1st quarter. Armbruster Capital Management Inc. now owns 370,013 shares of the company’s stock worth $39,736,000 after purchasing an additional 15,549 shares during the last quarter. ACR Alpine Capital Research LLC bought a new position in Invesco S&P 500 Pure Value ETF in the 4th quarter worth approximately $36,485,000. Finally, New England Private Wealth Advisors LLC lifted its holdings in Invesco S&P 500 Pure Value ETF by 2,001.6% during the 4th quarter. New England Private Wealth Advisors LLC now owns 346,868 shares of the company’s stock worth $35,868,000 after buying an additional 330,363 shares in the last quarter.

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. RPV was launched on Mar 1, 2006 and is managed by Invesco.

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