Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) Sees Unusually-High Trading Volume – What’s Next?

Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) saw unusually-high trading volume on Tuesday . 591,158 shares were traded during mid-day trading, an increase of 242% from the previous session’s volume of 173,049 shares.The stock last traded at $120.48 and had previously closed at $119.88.

Invesco S&P 500 Pure Value ETF Stock Up 0.6%

The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 13.00 and a beta of 0.82. The stock has a 50 day moving average of $115.83 and a 200 day moving average of $111.66.

Institutional Investors Weigh In On Invesco S&P 500 Pure Value ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley boosted its holdings in Invesco S&P 500 Pure Value ETF by 14.4% during the fourth quarter. Morgan Stanley now owns 1,595,954 shares of the company’s stock valued at $164,958,000 after acquiring an additional 201,464 shares during the period. Assetmark Inc. boosted its stake in Invesco S&P 500 Pure Value ETF by 169,496.2% during the 1st quarter. Assetmark Inc. now owns 708,912 shares of the company’s stock valued at $76,130,000 after purchasing an additional 708,494 shares during the period. Armbruster Capital Management Inc. grew its holdings in Invesco S&P 500 Pure Value ETF by 4.4% in the 1st quarter. Armbruster Capital Management Inc. now owns 370,013 shares of the company’s stock valued at $39,736,000 after buying an additional 15,549 shares during the last quarter. ACR Alpine Capital Research LLC bought a new position in Invesco S&P 500 Pure Value ETF in the 4th quarter worth approximately $36,485,000. Finally, New England Private Wealth Advisors LLC lifted its holdings in shares of Invesco S&P 500 Pure Value ETF by 2,001.6% during the fourth quarter. New England Private Wealth Advisors LLC now owns 346,868 shares of the company’s stock worth $35,868,000 after buying an additional 330,363 shares during the last quarter.

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.