Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) Hits New 12-Month High – Still a Buy?

Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) reached a new 52-week high on Thursday . The stock traded as high as $98.30 and last traded at $98.14, with a volume of 71483 shares changing hands. The stock had previously closed at $97.69.

Invesco S&P 500 Pure Value ETF Price Performance

The company has a market capitalization of $1.38 billion, a PE ratio of 13.00 and a beta of 1.17. The company has a 50-day moving average of $94.05 and a two-hundred day moving average of $91.54.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its position in Invesco S&P 500 Pure Value ETF by 675.5% during the first quarter. Farther Finance Advisors LLC now owns 411 shares of the company’s stock valued at $38,000 after purchasing an additional 358 shares in the last quarter. NBC Securities Inc. purchased a new position in shares of Invesco S&P 500 Pure Value ETF during the 1st quarter valued at $39,000. Arlington Trust Co LLC bought a new position in Invesco S&P 500 Pure Value ETF in the 1st quarter worth $49,000. IFP Advisors Inc boosted its holdings in Invesco S&P 500 Pure Value ETF by 41.8% in the 1st quarter. IFP Advisors Inc now owns 668 shares of the company’s stock worth $62,000 after buying an additional 197 shares during the period. Finally, SYM FINANCIAL Corp bought a new position in Invesco S&P 500 Pure Value ETF in the 2nd quarter worth $67,000.

Invesco S&P 500 Pure Value ETF Company 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.