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

Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) shares reached a new 52-week high on Wednesday . The stock traded as high as $115.00 and last traded at $114.91, with a volume of 21091 shares traded. The stock had previously closed at $114.77.

Invesco S&P 500 Pure Value ETF Stock Performance

The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 13.00 and a beta of 0.82. The business’s 50-day moving average is $110.60 and its 200-day moving average is $108.10.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of RPV. IFC & Insurance Marketing Inc. acquired a new position in shares of Invesco S&P 500 Pure Value ETF in the 4th quarter worth approximately $31,000. MBM Wealth Consultants LLC acquired a new stake in Invesco S&P 500 Pure Value ETF during the 1st quarter valued at $36,000. Optiver Holding B.V. bought a new position in Invesco S&P 500 Pure Value ETF in the 3rd quarter valued at $37,000. Assetmark Inc. boosted its stake in Invesco S&P 500 Pure Value ETF by 42.7% in the fourth quarter. Assetmark Inc. now owns 418 shares of the company’s stock worth $43,000 after purchasing an additional 125 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Invesco S&P 500 Pure Value ETF in the fourth quarter worth $44,000.

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. RPV was launched on Mar 1, 2006 and is managed by Invesco.