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

Invesco S&P 500 Pure Value ETF (NYSEARCA:RPVGet Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $93.11 and last traded at $92.97, with a volume of 5075 shares. The stock had previously closed at $89.72.

Invesco S&P 500 Pure Value ETF Stock Performance

The company’s fifty day simple moving average is $88.50 and its 200-day simple moving average is $86.27. The company has a market capitalization of $2.27 billion, a P/E ratio of 11.45 and a beta of 0.91.

Institutional Trading of Invesco S&P 500 Pure Value ETF

Institutional investors have recently modified their holdings of the company. RMR Capital Management LLC raised its position in shares of Invesco S&P 500 Pure Value ETF by 2.5% in the 3rd quarter. RMR Capital Management LLC now owns 17,829 shares of the company’s stock valued at $1,586,000 after purchasing an additional 436 shares during the last quarter. Savvy Advisors Inc. purchased a new position in Invesco S&P 500 Pure Value ETF during the 3rd quarter worth approximately $276,000. WealthPlan Investment Management LLC purchased a new position in Invesco S&P 500 Pure Value ETF during the 3rd quarter worth approximately $433,000. Principal Financial Group Inc. purchased a new position in shares of Invesco S&P 500 Pure Value ETF during the 3rd quarter valued at approximately $101,207,000. Finally, Lansing Street Advisors increased its holdings in shares of Invesco S&P 500 Pure Value ETF by 0.5% during the 3rd quarter. Lansing Street Advisors now owns 21,878 shares of the company’s stock valued at $1,945,000 after purchasing an additional 114 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.

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