Northwestern Mutual Wealth Management Co. Increases Stock Holdings in Invesco S&P 500 Pure Value ETF $RPV

Northwestern Mutual Wealth Management Co. lifted its position in Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) by 861.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 234,437 shares of the company’s stock after purchasing an additional 210,053 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Invesco S&P 500 Pure Value ETF were worth $24,231,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. 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. Allworth Financial LP grew its holdings in shares of Invesco S&P 500 Pure Value ETF by 5.2% in the fourth 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. Money Concepts Capital Corp grew its holdings in shares of Invesco S&P 500 Pure Value ETF by 0.7% in the fourth quarter. Money Concepts Capital Corp now owns 14,239 shares of the company’s stock valued at $1,472,000 after purchasing an additional 96 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Invesco S&P 500 Pure Value ETF in the fourth quarter valued at about $88,000. Finally, Truist Financial Corp boosted its stake in Invesco S&P 500 Pure Value ETF by 1.6% during the fourth quarter. Truist Financial Corp now owns 138,826 shares of the company’s stock worth $14,349,000 after buying an additional 2,163 shares during the period.

Invesco S&P 500 Pure Value ETF Price Performance

Shares of RPV stock opened at $110.99 on Wednesday. The firm has a market cap of $1.82 billion, a PE ratio of 13.00 and a beta of 0.83. The company has a 50-day moving average of $108.65 and a two-hundred day moving average of $106.63. Invesco S&P 500 Pure Value ETF has a 1-year low of $89.04 and a 1-year high of $113.93.

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.