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 strong trading volume on Thursday . Approximately 5,410,075 shares traded hands during mid-day trading, an increase of 934% from the previous session’s volume of 523,091 shares.The stock last traded at $93.53 and had previously closed at $92.87.

Invesco S&P 500 Pure Value ETF Stock Down 0.0 %

The firm’s 50-day moving average is $92.66 and its two-hundred day moving average is $89.61. The stock has a market cap of $2.28 billion, a P/E ratio of 11.45 and a beta of 0.91.

Hedge Funds Weigh In On Invesco S&P 500 Pure Value ETF

Several hedge funds and other institutional investors have recently bought and sold shares of RPV. Stifel Financial Corp grew its stake in shares of Invesco S&P 500 Pure Value ETF by 7.4% in the 3rd quarter. Stifel Financial Corp now owns 13,680 shares of the company’s stock valued at $1,216,000 after buying an additional 938 shares during the period. Sanctuary Advisors LLC acquired a new stake in Invesco S&P 500 Pure Value ETF in the second quarter valued at approximately $698,000. Strategic Advocates LLC increased its holdings in shares of Invesco S&P 500 Pure Value ETF by 4.7% during the third quarter. Strategic Advocates LLC now owns 240,238 shares of the company’s stock valued at $21,362,000 after acquiring an additional 10,752 shares in the last quarter. SPC Financial Inc. raised its position in shares of Invesco S&P 500 Pure Value ETF by 20.6% during the third quarter. SPC Financial Inc. now owns 19,585 shares of the company’s stock worth $1,741,000 after purchasing an additional 3,345 shares during the period. Finally, Private Advisor Group LLC lifted its holdings in shares of Invesco S&P 500 Pure Value ETF by 27.0% in the 3rd quarter. Private Advisor Group LLC now owns 16,158 shares of the company’s stock worth $1,437,000 after purchasing an additional 3,431 shares in the last quarter.

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.