Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) Reaches New 1-Year High – Here’s Why

Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV – Get Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as $121.35 and last traded at $120.48, with a volume of 5091 shares changing hands. The stock had previously closed at $120.28.

Invesco S&P 500 Pure Value ETF Stock Down 0.1%

The business’s 50-day moving average price is $116.14 and its 200 day moving average price is $111.83. The company has a market capitalization of $1.68 billion, a P/E ratio of 13.00 and a beta of 0.82.

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Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RPV. IFC & Insurance Marketing Inc. purchased a new stake in shares of Invesco S&P 500 Pure Value ETF in the fourth quarter worth $31,000. MBM Wealth Consultants LLC purchased a new position in Invesco S&P 500 Pure Value ETF during the first quarter worth about $36,000. Assetmark Inc. grew its position in Invesco S&P 500 Pure Value ETF by 42.7% during the fourth quarter. Assetmark Inc. now owns 418 shares of the company’s stock worth $43,000 after buying an additional 125 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Invesco S&P 500 Pure Value ETF during the fourth quarter worth about $44,000. Finally, Ascentis Independent Advisors bought a new position in Invesco S&P 500 Pure Value ETF in the 1st quarter worth about $48,000.

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

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