RPV Stock Summary and Trading Ideas (Invesco S&P 500 Pure Value ETF | ARCA:RPV)

The Invesco S&P 500 Pure Value ETF (Fund) is based on the S&P 500 Pure Value Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index measures the performance of securities that exhibit strong value characteristics in the S&P 500 Index. Value is measured by the following risk factors: book value-to-price ratio, earnings-to-price ratio and sales-to-price ratio. The Fund and the Index are rebalanced annually.

Invesco S&P 500 Pure Value ETF trades on the ARCA stock market under the symbol RPV.

As of April 24, 2024, RPV stock price declined to $85.40 with 61,445 million shares trading.

RPV has a beta of 0.97, meaning it tends to be less sensitive to market movements. RPV has a correlation of 0.49 to the broad based SPY ETF.

RPV has a market cap of $2.07 billion. This is considered a Mid Cap stock.

In the last 3 years, RPV stock traded as high as $90.04 and as low as $67.69.

RPV stock has underperformed the market in the last year with a return of +15.9%, while SPY returned +24.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in RPV shares. However, RPV has outperformed the market in the last 3 month and 2 week periods, returning +7.0% and -1.8%, while SPY returned +4.6% and -2.7%, respectively. This indicates RPV has been having a stronger performance recently.

RPV support price is $84.53 and resistance is $86.31 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RPV stock will trade within this expected range on the day.