Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) Reaches New 52-Week High – Here’s What Happened
by Kim Johansen · The Markets DailyShares of Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV – Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $105.96 and last traded at $105.93, with a volume of 247552 shares traded. The stock had previously closed at $104.47.
Invesco S&P 500 Pure Value ETF Trading Down 1.4%
The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 13.00 and a beta of 0.96. The firm has a fifty day simple moving average of $101.94 and a 200-day simple moving average of $98.30.
Hedge Funds Weigh In On Invesco S&P 500 Pure Value ETF
Several hedge funds have recently added to or reduced their stakes in RPV. Kingstone Capital Partners Texas LLC bought a new stake in Invesco S&P 500 Pure Value ETF during the 2nd quarter worth about $1,182,164,000. Armbruster Capital Management Inc. raised its stake in shares of Invesco S&P 500 Pure Value ETF by 4.5% during the second quarter. Armbruster Capital Management Inc. now owns 354,834 shares of the company’s stock worth $33,269,000 after buying an additional 15,373 shares during the last quarter. Strategic Advocates LLC lifted its holdings in Invesco S&P 500 Pure Value ETF by 4.6% in the third quarter. Strategic Advocates LLC now owns 276,123 shares of the company’s stock valued at $27,441,000 after buying an additional 12,228 shares during the period. Orion Porfolio Solutions LLC boosted its stake in Invesco S&P 500 Pure Value ETF by 1,884.3% in the second quarter. Orion Porfolio Solutions LLC now owns 230,019 shares of the company’s stock valued at $21,567,000 after acquiring an additional 218,427 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its stake in Invesco S&P 500 Pure Value ETF by 25.1% in the second quarter. Osaic Holdings Inc. now owns 83,358 shares of the company’s stock valued at $7,816,000 after acquiring an additional 16,742 shares during the last quarter.
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. RPV was launched on Mar 1, 2006 and is managed by Invesco.