Royal Bank of Canada Increases Stock Position in Invesco S&P MidCap 400 Pure Value ETF $RFV

Royal Bank of Canada raised its position in shares of Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) by 15.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 71,480 shares of the company’s stock after purchasing an additional 9,443 shares during the quarter. Royal Bank of Canada’s holdings in Invesco S&P MidCap 400 Pure Value ETF were worth $9,290,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. BNB Wealth Management LLC bought a new position in shares of Invesco S&P MidCap 400 Pure Value ETF during the fourth quarter valued at about $1,401,000. Merit Financial Group LLC bought a new stake in shares of Invesco S&P MidCap 400 Pure Value ETF in the fourth quarter worth about $3,757,000. Axiom Financial Strategies LLC grew its stake in shares of Invesco S&P MidCap 400 Pure Value ETF by 2.5% in the fourth quarter. Axiom Financial Strategies LLC now owns 5,858 shares of the company’s stock worth $749,000 after purchasing an additional 142 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Invesco S&P MidCap 400 Pure Value ETF by 174.2% during the 3rd quarter. NewEdge Advisors LLC now owns 817 shares of the company’s stock valued at $105,000 after purchasing an additional 519 shares during the period. Finally, Independent Financial Group LLC bought a new position in Invesco S&P MidCap 400 Pure Value ETF during the 1st quarter valued at approximately $294,000.

Invesco S&P MidCap 400 Pure Value ETF Stock Performance

NYSEARCA RFV opened at $149.97 on Monday. Invesco S&P MidCap 400 Pure Value ETF has a fifty-two week low of $119.30 and a fifty-two week high of $152.68. The stock has a 50 day simple moving average of $145.56 and a two-hundred day simple moving average of $138.70. The stock has a market cap of $335.93 million, a P/E ratio of 10.99 and a beta of 1.05.

Invesco S&P MidCap 400 Pure Value ETF 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.