Poplar Forest Capital LLC Cuts Position in Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV)

Poplar Forest Capital LLC cut its stake in Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) by 22.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,550 shares of the company’s stock after selling 1,010 shares during the period. Poplar Forest Capital LLC’s holdings in Invesco S&P 500 Pure Value ETF were worth $291,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Armbruster Capital Management Inc. boosted its position in Invesco S&P 500 Pure Value ETF by 1.4% during the third quarter. Armbruster Capital Management Inc. now owns 426,985 shares of the company’s stock valued at $31,418,000 after buying an additional 5,816 shares during the period. Private Trust Co. NA boosted its position in Invesco S&P 500 Pure Value ETF by 177.2% during the third quarter. Private Trust Co. NA now owns 3,992 shares of the company’s stock valued at $294,000 after buying an additional 2,552 shares during the period. SOL Capital Management CO boosted its position in Invesco S&P 500 Pure Value ETF by 7.1% during the third quarter. SOL Capital Management CO now owns 63,966 shares of the company’s stock valued at $4,707,000 after buying an additional 4,230 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in Invesco S&P 500 Pure Value ETF by 0.9% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 264,203 shares of the company’s stock valued at $19,440,000 after buying an additional 2,380 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its position in Invesco S&P 500 Pure Value ETF by 9.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 253,640 shares of the company’s stock valued at $18,663,000 after buying an additional 20,988 shares during the period.

Invesco S&P 500 Pure Value ETF Price Performance

NYSEARCA RPV traded down $0.02 during trading on Wednesday, hitting $85.40. 61,451 shares of the company’s stock traded hands, compared to its average volume of 278,222. The stock has a fifty day moving average of $84.66 and a two-hundred day moving average of $79.91. Invesco S&P 500 Pure Value ETF has a 12-month low of $67.69 and a 12-month high of $88.63. The firm has a market cap of $2.09 billion, a P/E ratio of 11.43 and a beta of 0.97.

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.