Invesco S&P 500 Enhanced Value ETF (NYSEARCA:SPVU) Shares Up 0.6% – Still a Buy?

Invesco S&P 500 Enhanced Value ETF (NYSEARCA:SPVU)’s share price shot up 0.6% on Monday . The company traded as high as $66.9550 and last traded at $66.9239. 2,084 shares traded hands during trading, a decline of 87% from the average session volume of 16,106 shares. The stock had previously closed at $66.5048.

Invesco S&P 500 Enhanced Value ETF Stock Performance

The stock has a market cap of $145.22 million, a price-to-earnings ratio of 12.20 and a beta of 0.96. The stock’s 50-day simple moving average is $63.59 and its two-hundred day simple moving average is $60.44.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Cetera Investment Advisers lifted its position in Invesco S&P 500 Enhanced Value ETF by 4.5% during the 4th quarter. Cetera Investment Advisers now owns 5,129 shares of the company’s stock worth $293,000 after acquiring an additional 220 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Invesco S&P 500 Enhanced Value ETF by 2.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 12,760 shares of the company’s stock worth $700,000 after acquiring an additional 270 shares during the last quarter. Global Retirement Partners LLC lifted its position in Invesco S&P 500 Enhanced Value ETF by 8.2% during the 4th quarter. Global Retirement Partners LLC now owns 5,517 shares of the company’s stock worth $315,000 after acquiring an additional 417 shares during the last quarter. Sanctuary Advisors LLC lifted its position in Invesco S&P 500 Enhanced Value ETF by 9.6% during the 1st quarter. Sanctuary Advisors LLC now owns 5,514 shares of the company’s stock worth $328,000 after acquiring an additional 482 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position in Invesco S&P 500 Enhanced Value ETF by 8.2% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 9,449 shares of the company’s stock worth $518,000 after acquiring an additional 714 shares during the last quarter.

Invesco S&P 500 Enhanced Value ETF Company Profile

The Invesco S&P 500 Enhanced Value ETF (SPVU) is an exchange-traded fund that is based on the S&P 500 Enhanced Value index. The fund tracks an index of 100 S&P 500 components with the strongest value metrics. SPVU was launched on Oct 9, 2015 and is managed by Invesco.