PAX Financial Group LLC Makes New Investment in Invesco S&P 500 Pure Value ETF $RPV

PAX Financial Group LLC bought a new stake in Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) in the 1st quarter, HoldingsChannel reports. The firm bought 11,715 shares of the company’s stock, valued at approximately $1,258,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Morgan Stanley raised its holdings in shares of Invesco S&P 500 Pure Value ETF by 14.4% during the 4th quarter. Morgan Stanley now owns 1,595,954 shares of the company’s stock worth $164,958,000 after acquiring an additional 201,464 shares during the period. Armbruster Capital Management Inc. grew its holdings in shares of Invesco S&P 500 Pure Value ETF by 4.4% in the first quarter. Armbruster Capital Management Inc. now owns 370,013 shares of the company’s stock valued at $39,736,000 after purchasing an additional 15,549 shares during the period. ACR Alpine Capital Research LLC purchased a new stake in shares of Invesco S&P 500 Pure Value ETF in the fourth quarter valued at about $36,485,000. New England Private Wealth Advisors LLC increased its position in Invesco S&P 500 Pure Value ETF by 2,001.6% during the fourth quarter. New England Private Wealth Advisors LLC now owns 346,868 shares of the company’s stock worth $35,868,000 after purchasing an additional 330,363 shares during the last quarter. Finally, Strategic Advocates LLC increased its position in Invesco S&P 500 Pure Value ETF by 4.4% during the fourth quarter. Strategic Advocates LLC now owns 288,160 shares of the company’s stock worth $29,963,000 after purchasing an additional 12,037 shares during the last quarter.

Invesco S&P 500 Pure Value ETF Price Performance

Shares of RPV stock opened at $115.76 on Friday. The firm’s 50-day moving average is $112.83 and its two-hundred day moving average is $109.65. Invesco S&P 500 Pure Value ETF has a 12 month low of $90.30 and a 12 month high of $117.16. The company has a market capitalization of $1.68 billion, a PE ratio of 13.00 and a beta of 0.82.

Invesco S&P 500 Pure Value ETF 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.