Invesco S&P SmallCap 600 Pure Value ETF (NYSEARCA:RZV) Trading Down 0.7% – Here’s Why

Invesco S&P SmallCap 600 Pure Value ETF (NYSEARCA:RZV)’s share price dropped 0.7% during mid-day trading on Monday . The company traded as low as $151.55 and last traded at $152.08. 7,287 shares changed hands during trading, a decline of 5% from the average session volume of 7,695 shares. The stock had previously closed at $153.18.

Invesco S&P SmallCap 600 Pure Value ETF Stock Performance

The firm’s 50 day moving average price is $148.50 and its two-hundred day moving average price is $137.61. The company has a market cap of $298.38 million, a P/E ratio of 10.81 and a beta of 1.09.

Institutional Investors Weigh In On Invesco S&P SmallCap 600 Pure Value ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. IMC Chicago LLC bought a new position in Invesco S&P SmallCap 600 Pure Value ETF in the fourth quarter worth approximately $5,152,000. Theory Financial LLC grew its stake in Invesco S&P SmallCap 600 Pure Value ETF by 33.4% in the first quarter. Theory Financial LLC now owns 37,781 shares of the company’s stock valued at $4,700,000 after acquiring an additional 9,462 shares during the period. Fortis Group Advisors LLC bought a new stake in shares of Invesco S&P SmallCap 600 Pure Value ETF during the fourth quarter valued at approximately $1,166,000. Innova Wealth Partners increased its holdings in shares of Invesco S&P SmallCap 600 Pure Value ETF by 43.3% during the first quarter. Innova Wealth Partners now owns 11,209 shares of the company’s stock valued at $1,394,000 after acquiring an additional 3,389 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco S&P SmallCap 600 Pure Value ETF by 310.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 18,087 shares of the company’s stock worth $2,151,000 after purchasing an additional 13,679 shares during the period.

Invesco S&P SmallCap 600 Pure Value ETF Company Profile

Guggenheim S&P SmallCap 600 Pure Value ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P SmallCap 600 Pure Value Index (the Index). The Fund uses a passive management strategy, known as replication, to track the performance of the Index. Replication refers to investing in substantially all of the securities in the Index in approximately the same proportions as in the Index. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.