Invesco S&P 500 Enhanced Value ETF Sees 0.7% Increase in Shares

The share price of the Invesco S&P 500 Enhanced Value ETF (NYSEARCA:SPVU) rose by 0.7% during trading on Wednesday, reaching a high of $55.95 before closing at $55.74. This uptick came as 9,103 shares exchanged hands, representing an 8% decline from the average session volume of 9,930 shares. The ETF had closed at $55.33 the previous day.

As of now, the fund maintains a market capitalization of $110.37 million, a price-to-earnings ratio of 12.20, and a beta of 0.96. The 50-day moving average stands at $54.62, while the 200-day moving average is noted at $52.96.

Investor Activity and Institutional Holdings

Recent trading activity indicates that large investors are actively modifying their positions in the Invesco S&P 500 Enhanced Value ETF. For instance, Advisory Services Network LLC acquired a new position during the third quarter, investing approximately $86,000 in the ETF.

Moreover, Harbour Investments Inc. significantly increased its stake by 1,063.0% in the first quarter, now holding 1,605 shares valued at $83,000 after purchasing an additional 1,467 shares.

Other notable investors include Raymond James Financial Inc., which acquired a new stake worth $104,000 in the second quarter, and Sequent Planning LLC, which also entered with a new investment of $209,000 during the third quarter. Furthermore, Cetera Investment Advisers increased its holdings by 24.8% in the second quarter, now owning 4,903 shares valued at $255,000 after adding 974 shares in the last quarter.

About the Invesco S&P 500 Enhanced Value ETF

The Invesco S&P 500 Enhanced Value ETF (SPVU) was launched on October 9, 2015. This exchange-traded fund is designed to track the S&P 500 Enhanced Value index, which consists of 100 S&P 500 components that exhibit the strongest value metrics. Managed by Invesco, SPVU aims to provide investors with exposure to companies that are undervalued relative to their peers.

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