Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) Hits New 1-Year High – Here’s Why

Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) shares hit a new 52-week high on Wednesday . The stock traded as high as $93.11 and last traded at $92.97, with a volume of 5075 shares traded. The stock had previously closed at $89.72.

Invesco S&P 500 Pure Value ETF Stock Up 4.4 %

The company has a market cap of $2.27 billion, a PE ratio of 11.45 and a beta of 0.91. The stock’s 50 day moving average is $88.50 and its 200-day moving average is $86.27.

Institutional Investors Weigh In On Invesco S&P 500 Pure Value ETF

A number of hedge funds have recently bought and sold shares of the business. Mather Group LLC. purchased a new stake in shares of Invesco S&P 500 Pure Value ETF in the second quarter valued at $25,000. Matrix Trust Co purchased a new position in Invesco S&P 500 Pure Value ETF in the 3rd quarter worth about $44,000. New Republic Capital LLC increased its stake in Invesco S&P 500 Pure Value ETF by 60.9% in the 1st quarter. New Republic Capital LLC now owns 1,001 shares of the company’s stock worth $89,000 after buying an additional 379 shares during the period. Eagle Strategies LLC purchased a new position in Invesco S&P 500 Pure Value ETF in the 2nd quarter worth about $248,000. Finally, Savvy Advisors Inc. purchased a new position in Invesco S&P 500 Pure Value ETF in the 3rd quarter worth about $276,000.

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.