Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) Sets New 52-Week High – Here’s What Happened

Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) reached a new 52-week high during trading on Monday . The stock traded as high as $118.21 and last traded at $118.08, with a volume of 20185 shares changing hands. The stock had previously closed at $116.57.

Invesco S&P 500 Pure Value ETF Trading Up 0.9%

The business’s 50-day moving average is $113.45 and its two-hundred day moving average is $110.12. The firm has a market cap of $1.56 billion, a P/E ratio of 13.00 and a beta of 0.82.

Hedge Funds Weigh In On Invesco S&P 500 Pure Value ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Money Concepts Capital Corp raised its position in shares of Invesco S&P 500 Pure Value ETF by 0.7% during the 4th quarter. Money Concepts Capital Corp now owns 14,239 shares of the company’s stock worth $1,472,000 after purchasing an additional 96 shares during the period. Comerica Bank lifted its holdings in shares of Invesco S&P 500 Pure Value ETF by 1.0% in the 4th quarter. Comerica Bank now owns 12,142 shares of the company’s stock worth $1,255,000 after purchasing an additional 115 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Invesco S&P 500 Pure Value ETF by 42.7% in the 4th quarter. Assetmark Inc. now owns 418 shares of the company’s stock worth $43,000 after purchasing an additional 125 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Invesco S&P 500 Pure Value ETF by 2.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 4,721 shares of the company’s stock valued at $488,000 after purchasing an additional 126 shares during the period. Finally, Allworth Financial LP boosted its position in Invesco S&P 500 Pure Value ETF by 5.2% during the 4th quarter. Allworth Financial LP now owns 2,635 shares of the company’s stock valued at $272,000 after purchasing an additional 131 shares during the period.

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.