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

Shares of Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) saw strong trading volume on Friday . 196,974 shares changed hands during trading, an increase of 2% from the previous session’s volume of 193,544 shares.The stock last traded at $108.07 and had previously closed at $109.92.

Invesco S&P 500 Pure Value ETF Stock Performance

The company’s fifty day moving average price is $108.87 and its 200-day moving average price is $102.90. The stock has a market cap of $1.71 billion, a P/E ratio of 13.00 and a beta of 0.96.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. IFC & Insurance Marketing Inc. bought a new stake in shares of Invesco S&P 500 Pure Value ETF during the 4th quarter worth approximately $31,000. Optiver Holding B.V. purchased a new stake in Invesco S&P 500 Pure Value ETF in the third quarter worth $37,000. Assetmark Inc. lifted its position in shares of Invesco S&P 500 Pure Value ETF by 42.7% during the fourth quarter. Assetmark Inc. now owns 418 shares of the company’s stock worth $43,000 after purchasing an additional 125 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Invesco S&P 500 Pure Value ETF during the fourth quarter valued at $44,000. Finally, PNC Financial Services Group Inc. purchased a new stake in shares of Invesco S&P 500 Pure Value ETF during the third quarter valued at $56,000.

About Invesco S&P 500 Pure Value ETF

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.