Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) is Financial Enhancement Group LLC’s 9th Largest Position

Financial Enhancement Group LLC reduced its stake in Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) by 0.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 151,646 shares of the company’s stock after selling 678 shares during the period. Invesco S&P 500 Pure Value ETF comprises 2.4% of Financial Enhancement Group LLC’s investment portfolio, making the stock its 9th largest position. Financial Enhancement Group LLC’s holdings in Invesco S&P 500 Pure Value ETF were worth $13,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Avantax Advisory Services Inc. grew its holdings in shares of Invesco S&P 500 Pure Value ETF by 2.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 10,240 shares of the company’s stock worth $906,000 after acquiring an additional 246 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Invesco S&P 500 Pure Value ETF during the 2nd quarter valued at $698,000. Janney Montgomery Scott LLC grew its position in shares of Invesco S&P 500 Pure Value ETF by 14.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,280 shares of the company’s stock worth $379,000 after buying an additional 540 shares during the period. Comerica Bank increased its stake in shares of Invesco S&P 500 Pure Value ETF by 2.6% in the 1st quarter. Comerica Bank now owns 11,765 shares of the company’s stock worth $1,040,000 after acquiring an additional 293 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Invesco S&P 500 Pure Value ETF by 6.1% during the second quarter. Bank of New York Mellon Corp now owns 1,275,260 shares of the company’s stock valued at $106,382,000 after purchasing an additional 73,717 shares in the last quarter.

Invesco S&P 500 Pure Value ETF Trading Up 4.4 %

Shares of NYSEARCA:RPV opened at $93.67 on Thursday. Invesco S&P 500 Pure Value ETF has a 12-month low of $70.92 and a 12-month high of $93.78. The stock has a fifty day simple moving average of $88.60 and a two-hundred day simple moving average of $86.32. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 11.45 and a beta of 0.91.

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.