Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) Sees Large Volume Increase – What’s Next?

Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) shares saw an uptick in trading volume on Tuesday . Approximately 591,158 shares traded hands during trading, an increase of 242% from the previous session’s volume of 173,049 shares.The stock last traded at $120.48 and had previously closed at $119.88.

Invesco S&P 500 Pure Value ETF Stock Performance

The firm’s 50-day moving average price is $115.83 and its two-hundred day moving average price is $111.66. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of 13.00 and a beta of 0.82.

Institutional Trading of Invesco S&P 500 Pure Value ETF

Several hedge funds have recently modified their holdings of the business. Midwest Financial Network LLC increased its position in Invesco S&P 500 Pure Value ETF by 33.5% during the 2nd quarter. Midwest Financial Network LLC now owns 4,775 shares of the company’s stock worth $544,000 after purchasing an additional 1,198 shares in the last quarter. Hardin Capital Partners LLC lifted its stake in shares of Invesco S&P 500 Pure Value ETF by 4.9% in the 2nd quarter. Hardin Capital Partners LLC now owns 13,337 shares of the company’s stock valued at $1,523,000 after purchasing an additional 623 shares in the last quarter. Moulton Wealth Management Inc. grew its holdings in shares of Invesco S&P 500 Pure Value ETF by 61.6% during the 2nd quarter. Moulton Wealth Management Inc. now owns 5,892 shares of the company’s stock worth $678,000 after purchasing an additional 2,247 shares during the period. NewEdge Advisors LLC increased its position in Invesco S&P 500 Pure Value ETF by 133,572.7% during the 1st quarter. NewEdge Advisors LLC now owns 44,112 shares of the company’s stock worth $4,737,000 after purchasing an additional 44,079 shares in the last quarter. Finally, Verus Capital Partners LLC raised its holdings in Invesco S&P 500 Pure Value ETF by 56.5% in the first quarter. Verus Capital Partners LLC now owns 8,537 shares of the company’s stock valued at $917,000 after buying an additional 3,081 shares during the period.

Invesco S&P 500 Pure Value ETF Company Profile

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. RPV was launched on Mar 1, 2006 and is managed by Invesco.