Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) Reaches New 1-Year Low – Time to Sell?

Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $80.66 and last traded at $80.88, with a volume of 23563 shares trading hands. The stock had previously closed at $84.04.

Invesco S&P 500 Pure Value ETF Stock Performance

The business has a fifty day moving average of $91.92 and a two-hundred day moving average of $91.58. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 14.29 and a beta of 0.98.

Invesco S&P 500 Pure Value ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a $0.672 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in Invesco S&P 500 Pure Value ETF in the 4th quarter valued at $11,713,000. Stifel Financial Corp grew its stake in shares of Invesco S&P 500 Pure Value ETF by 7.4% in the third quarter. Stifel Financial Corp now owns 13,680 shares of the company’s stock valued at $1,216,000 after acquiring an additional 938 shares in the last quarter. Jones Financial Companies Lllp increased its position in Invesco S&P 500 Pure Value ETF by 117.1% during the fourth quarter. Jones Financial Companies Lllp now owns 3,831 shares of the company’s stock worth $346,000 after acquiring an additional 2,066 shares during the period. LPL Financial LLC raised its stake in Invesco S&P 500 Pure Value ETF by 6.1% in the 4th quarter. LPL Financial LLC now owns 228,553 shares of the company’s stock worth $20,618,000 after purchasing an additional 13,200 shares in the last quarter. Finally, Orion Portfolio Solutions LLC increased its holdings in shares of Invesco S&P 500 Pure Value ETF by 7.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 10,879 shares of the company’s stock worth $981,000 after purchasing an additional 727 shares during the period.

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.