Invesco S&P SmallCap 600 Pure Value ETF (NYSEARCA:RZV) Shares Down 1.6% – Here’s What Happened

Shares of Invesco S&P SmallCap 600 Pure Value ETF (NYSEARCA:RZV) dropped 1.6% on Tuesday . The stock traded as low as $148.23 and last traded at $148.23. Approximately 3,635 shares were traded during trading, a decline of 52% from the average session volume of 7,569 shares. The stock had previously closed at $150.68.

Invesco S&P SmallCap 600 Pure Value ETF Price Performance

The stock has a market cap of $288.73 million, a price-to-earnings ratio of 10.81 and a beta of 1.09. The company’s fifty day moving average price is $149.76 and its 200-day moving average price is $139.42.

Hedge Funds Weigh In On Invesco S&P SmallCap 600 Pure Value ETF

Institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC acquired a new stake in Invesco S&P SmallCap 600 Pure Value ETF during the fourth quarter valued at $33,000. Raymond James Financial Inc. purchased a new stake in shares of Invesco S&P SmallCap 600 Pure Value ETF during the 2nd quarter worth about $35,000. Cardiff Park Advisors LLC purchased a new stake in shares of Invesco S&P SmallCap 600 Pure Value ETF during the 1st quarter worth about $81,000. Envestnet Asset Management Inc. acquired a new stake in shares of Invesco S&P SmallCap 600 Pure Value ETF during the 2nd quarter valued at about $201,000. Finally, MML Investors Services LLC grew its position in shares of Invesco S&P SmallCap 600 Pure Value ETF by 6.3% during the 4th quarter. MML Investors Services LLC now owns 3,593 shares of the company’s stock valued at $427,000 after acquiring an additional 214 shares during the period.

Invesco S&P SmallCap 600 Pure Value ETF Company Profile

Guggenheim S&P SmallCap 600 Pure Value ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P SmallCap 600 Pure Value Index (the Index). The Fund uses a passive management strategy, known as replication, to track the performance of the Index. Replication refers to investing in substantially all of the securities in the Index in approximately the same proportions as in the Index. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.