Invesco S&P 500 Enhanced Value ETF (NYSEARCA:SPVU) Trading 0.8% Higher – Still a Buy?

Invesco S&P 500 Enhanced Value ETF (NYSEARCA:SPVU)’s share price was up 0.8% during mid-day trading on Friday . The stock traded as high as $60.60 and last traded at $60.44. Approximately 9,540 shares traded hands during trading, a decline of 41% from the average daily volume of 16,106 shares. The stock had previously closed at $59.95.

Invesco S&P 500 Enhanced Value ETF Trading Down 0.9%

The company has a market capitalization of $128.49 million, a price-to-earnings ratio of 12.20 and a beta of 0.96. The firm’s fifty day simple moving average is $60.10 and its two-hundred day simple moving average is $57.09.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers increased its stake in Invesco S&P 500 Enhanced Value ETF by 4.5% during the fourth quarter. Cetera Investment Advisers now owns 5,129 shares of the company’s stock worth $293,000 after acquiring an additional 220 shares during the last quarter. Summit Financial LLC purchased a new position in shares of Invesco S&P 500 Enhanced Value ETF during the 4th quarter worth $230,000. Harbour Investments Inc. grew its holdings in shares of Invesco S&P 500 Enhanced Value ETF by 216.3% during the 4th quarter. Harbour Investments Inc. now owns 5,235 shares of the company’s stock worth $299,000 after purchasing an additional 3,580 shares during the period. Global Retirement Partners LLC increased its position in shares of Invesco S&P 500 Enhanced Value ETF by 8.2% during the 4th quarter. Global Retirement Partners LLC now owns 5,517 shares of the company’s stock worth $315,000 after purchasing an additional 417 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV increased its position in shares of Invesco S&P 500 Enhanced Value ETF by 25.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 11,825 shares of the company’s stock worth $675,000 after purchasing an additional 2,376 shares during the last quarter.

About Invesco S&P 500 Enhanced Value ETF

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.