Principal Financial Group Inc. Invests $101.21 Million in Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV)

Principal Financial Group Inc. acquired a new stake in shares of Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) in the third quarter, HoldingsChannel reports. The fund acquired 1,138,183 shares of the company’s stock, valued at approximately $101,207,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of RPV. BNP Paribas Financial Markets bought a new stake in Invesco S&P 500 Pure Value ETF in the 1st quarter valued at about $4,334,000. Janney Montgomery Scott LLC grew its position in Invesco S&P 500 Pure Value ETF by 14.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 4,280 shares of the company’s stock valued at $379,000 after buying an additional 540 shares in the last quarter. Concurrent Investment Advisors LLC increased its stake in Invesco S&P 500 Pure Value ETF by 21.4% during the 1st quarter. Concurrent Investment Advisors LLC now owns 11,930 shares of the company’s stock valued at $1,055,000 after buying an additional 2,107 shares during the period. New Republic Capital LLC raised its position in shares of Invesco S&P 500 Pure Value ETF by 60.9% during 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 in the last quarter. Finally, Avantax Advisory Services Inc. lifted its stake in shares of Invesco S&P 500 Pure Value ETF by 2.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 10,240 shares of the company’s stock worth $906,000 after acquiring an additional 246 shares during the period.

Invesco S&P 500 Pure Value ETF Price Performance

NYSEARCA RPV opened at $93.46 on Friday. The firm has a market capitalization of $2.27 billion, a PE ratio of 11.45 and a beta of 0.91. Invesco S&P 500 Pure Value ETF has a 12 month low of $70.92 and a 12 month high of $94.09. The company’s 50 day simple moving average is $88.78 and its 200 day simple moving average is $86.43.

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.