Invesco S&P 500 Enhanced Value ETF (NYSEARCA:SPVU) Trading Up 0.9% – Still a Buy?

Invesco S&P 500 Enhanced Value ETF (NYSEARCA:SPVU)’s stock price was up 0.9% during mid-day trading on Friday . The company traded as high as $62.98 and last traded at $62.9355. Approximately 4,014 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 16,106 shares. The stock had previously closed at $62.3768.

Invesco S&P 500 Enhanced Value ETF Trading Down 0.2%

The firm’s fifty day moving average price is $61.07 and its two-hundred day moving average price is $58.40. The stock has a market capitalization of $138.04 million, a PE ratio of 12.20 and a beta of 0.96.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in shares of Invesco S&P 500 Enhanced Value ETF during the 3rd quarter worth about $86,000. Sage Mountain Advisors LLC purchased a new position in shares of Invesco S&P 500 Enhanced Value ETF in the 4th quarter valued at about $102,000. Raymond James Financial Inc. purchased a new position in shares of Invesco S&P 500 Enhanced Value ETF in the 2nd quarter valued at about $104,000. Sequent Planning LLC acquired a new position in Invesco S&P 500 Enhanced Value ETF in the 3rd quarter worth about $209,000. Finally, Summit Financial LLC acquired a new position in Invesco S&P 500 Enhanced Value ETF in the 4th quarter worth about $230,000.

Invesco S&P 500 Enhanced Value ETF Company Profile

The Invesco S&P 500 Enhanced Value ETF (SPVU) is an exchange-traded fund that is based on the S&P 500 Enhanced Value index. The fund tracks an index of 100 S&P 500 components with the strongest value metrics. SPVU was launched on Oct 9, 2015 and is managed by Invesco.