Invesco S&P 500 Enhanced Value ETF (NYSEARCA:SPVU) Stock Jumps 0.6% – Here’s What Happened

Invesco S&P 500 Enhanced Value ETF (NYSEARCA:SPVU) shares shot up 0.6% on Friday. The company traded as high as $66.9550 and last traded at $66.9239. Approximately 2,084 shares changed hands during trading, a decline of 87% from the average session volume of 16,106 shares. The stock had previously closed at $66.5048.

Invesco S&P 500 Enhanced Value ETF Price Performance

The company has a market capitalization of $145.22 million, a P/E ratio of 12.20 and a beta of 0.96. The stock’s 50 day moving average is $66.92 and its 200-day moving average is $65.27.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in shares of Invesco S&P 500 Enhanced Value ETF by 38.4% in the 1st quarter. Bank of America Corp DE now owns 254,177 shares of the company’s stock valued at $15,110,000 after purchasing an additional 70,558 shares during the period. Cetera Investment Advisers grew its stake in Invesco S&P 500 Enhanced Value ETF by 6.9% in the first quarter. Cetera Investment Advisers now owns 5,484 shares of the company’s stock worth $326,000 after purchasing an additional 355 shares during the period. Sanctuary Advisors LLC grew its stake in Invesco S&P 500 Enhanced Value ETF by 9.6% in the first quarter. Sanctuary Advisors LLC now owns 5,514 shares of the company’s stock worth $328,000 after purchasing an additional 482 shares during the period. Finally, Lmcg Investments LLC raised its holdings in Invesco S&P 500 Enhanced Value ETF by 12.9% in the first quarter. Lmcg Investments LLC now owns 37,406 shares of the company’s stock worth $2,224,000 after purchasing an additional 4,268 shares in the last quarter.

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.