Invesco S&P 500 Enhanced Value ETF (NYSEARCA:SPVU) Trading Up 0.7% – Should You Buy?

Invesco S&P 500 Enhanced Value ETF (NYSEARCA:SPVU)’s stock price was up 0.7% during mid-day trading on Wednesday . The stock traded as high as $55.95 and last traded at $55.74. Approximately 9,103 shares changed hands during trading, a decline of 8% from the average daily volume of 9,930 shares. The stock had previously closed at $55.33.

Invesco S&P 500 Enhanced Value ETF Stock Up 0.7%

The company has a market capitalization of $110.37 million, a PE ratio of 12.20 and a beta of 0.96. The business has a 50 day simple moving average of $54.62 and a 200 day simple moving average of $52.96.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SPVU. Harbour Investments Inc. lifted its stake in shares of Invesco S&P 500 Enhanced Value ETF by 1,063.0% during the first quarter. Harbour Investments Inc. now owns 1,605 shares of the company’s stock worth $83,000 after buying an additional 1,467 shares during the period. Advisory Services Network LLC purchased a new position in Invesco S&P 500 Enhanced Value ETF in the 3rd quarter worth $86,000. Raymond James Financial Inc. acquired a new stake in Invesco S&P 500 Enhanced Value ETF during the 2nd quarter worth about $104,000. Sequent Planning LLC acquired a new stake in Invesco S&P 500 Enhanced Value ETF during the 3rd quarter worth about $209,000. Finally, Cetera Investment Advisers grew its stake in Invesco S&P 500 Enhanced Value ETF by 24.8% during the 2nd quarter. Cetera Investment Advisers now owns 4,903 shares of the company’s stock valued at $255,000 after purchasing an additional 974 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.