Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) Trading Up 1% – Should You Buy?

Shares of Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) traded up 1% during mid-day trading on Thursday . The company traded as high as $144.05 and last traded at $143.68. Approximately 2,371 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 6,694 shares. The stock had previously closed at $142.32.

Invesco S&P MidCap 400 Pure Value ETF Stock Performance

The company has a market capitalization of $323.28 million, a price-to-earnings ratio of 10.99 and a beta of 1.05. The company has a 50-day moving average price of $141.28 and a 200-day moving average price of $136.08.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RFV. Golden State Wealth Management LLC boosted its holdings in shares of Invesco S&P MidCap 400 Pure Value ETF by 5,592.9% in the fourth quarter. Golden State Wealth Management LLC now owns 797 shares of the company’s stock valued at $102,000 after buying an additional 783 shares during the period. NewEdge Advisors LLC grew its holdings in shares of Invesco S&P MidCap 400 Pure Value ETF by 174.2% in the 3rd quarter. NewEdge Advisors LLC now owns 817 shares of the company’s stock valued at $105,000 after acquiring an additional 519 shares in the last quarter. IFP Advisors Inc raised its holdings in Invesco S&P MidCap 400 Pure Value ETF by 71.0% during the third quarter. IFP Advisors Inc now owns 1,072 shares of the company’s stock worth $137,000 after acquiring an additional 445 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in Invesco S&P MidCap 400 Pure Value ETF during the fourth quarter worth about $169,000. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Invesco S&P MidCap 400 Pure Value ETF by 1,841.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 1,806 shares of the company’s stock valued at $231,000 after buying an additional 1,713 shares during the last quarter.

Invesco S&P MidCap 400 Pure Value ETF Company Profile

The Invesco S&P MidCap 400 Pure Value ETF (RFV) is an exchange-traded fund that is based on the S&P Mid Cap 400 Pure Value index. The fund tracks a fundamentally weighted index of US-listed value companies. RFV was launched on Mar 1, 2006 and is managed by Invesco.