Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) Stock Price Down 0.5% – What’s Next?

Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV)’s share price fell 0.5% on Monday . The stock traded as low as $129.94 and last traded at $129.99. 5,363 shares were traded during mid-day trading, a decline of 40% from the average session volume of 8,932 shares. The stock had previously closed at $130.65.

Invesco S&P MidCap 400 Pure Value ETF Trading Down 0.5%

The company has a market capitalization of $285.98 million, a price-to-earnings ratio of 10.99 and a beta of 1.16. The company’s 50 day simple moving average is $127.79 and its 200-day simple moving average is $126.54.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RFV. Raymond James Financial Inc. lifted its holdings in shares of Invesco S&P MidCap 400 Pure Value ETF by 56.4% during the 3rd quarter. Raymond James Financial Inc. now owns 50,118 shares of the company’s stock worth $6,429,000 after acquiring an additional 18,083 shares during the period. Sagespring Wealth Partners LLC acquired a new position in Invesco S&P MidCap 400 Pure Value ETF in the third quarter worth $1,842,000. Cetera Investment Advisers increased its position in Invesco S&P MidCap 400 Pure Value ETF by 408.0% in the 2nd quarter. Cetera Investment Advisers now owns 17,720 shares of the company’s stock valued at $2,142,000 after acquiring an additional 14,232 shares in the last quarter. Kingsview Wealth Management LLC raised its position in Invesco S&P MidCap 400 Pure Value ETF by 362.0% in the 3rd quarter. Kingsview Wealth Management LLC now owns 17,944 shares of the company’s stock worth $2,302,000 after purchasing an additional 14,060 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC lifted its stake in shares of Invesco S&P MidCap 400 Pure Value ETF by 69.3% during the third quarter. Focus Partners Advisor Solutions LLC now owns 21,561 shares of the company’s stock valued at $2,720,000 after acquiring an additional 8,825 shares during the period.

About Invesco S&P MidCap 400 Pure Value ETF

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.