Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) Reaches New 52-Week High – Here’s Why

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

Invesco S&P 500 Pure Value ETF Stock Up 1.1%

The firm’s 50-day simple moving average is $104.89 and its 200-day simple moving average is $100.04. The firm has a market capitalization of $1.74 billion, a PE ratio of 13.00 and a beta of 0.96.

Institutional Trading of Invesco S&P 500 Pure Value ETF

A number of institutional investors have recently made changes to their positions in RPV. Royal Bank of Canada raised its holdings in Invesco S&P 500 Pure Value ETF by 19.7% in the 1st quarter. Royal Bank of Canada now owns 28,556 shares of the company’s stock worth $2,637,000 after purchasing an additional 4,694 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Invesco S&P 500 Pure Value ETF by 163.7% in the first quarter. Jones Financial Companies Lllp now owns 10,103 shares of the company’s stock worth $933,000 after purchasing an additional 6,272 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Invesco S&P 500 Pure Value ETF by 83.8% during the first quarter. Goldman Sachs Group Inc. now owns 51,215 shares of the company’s stock valued at $4,730,000 after buying an additional 23,346 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Invesco S&P 500 Pure Value ETF by 237.2% during the 2nd quarter. Janney Montgomery Scott LLC now owns 15,496 shares of the company’s stock valued at $1,453,000 after buying an additional 10,901 shares in the last quarter. Finally, Armbruster Capital Management Inc. increased its stake in shares of Invesco S&P 500 Pure Value ETF by 4.5% in the 2nd quarter. Armbruster Capital Management Inc. now owns 354,834 shares of the company’s stock worth $33,269,000 after acquiring an additional 15,373 shares in the last quarter.

Invesco S&P 500 Pure Value ETF Company Profile

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.