Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) Sees Strong Trading Volume – Time to Buy?

Shares of Invesco S&P 500 Pure Value ETF (NYSEARCA:RPVGet Free Report) saw an uptick in trading volume on Tuesday . Approximately 591,158 shares traded hands during 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 Performance

The business has a 50-day simple moving average of $116.14 and a 200 day simple moving average of $111.83. The firm has a market cap of $1.67 billion, a P/E ratio of 13.00 and a beta of 0.82.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RPV. IFC & Insurance Marketing Inc. purchased a new stake in shares of Invesco S&P 500 Pure Value ETF in the 4th quarter worth about $31,000. MBM Wealth Consultants LLC bought a new position in shares of Invesco S&P 500 Pure Value ETF during the first quarter valued at approximately $36,000. Assetmark Inc. increased its position in Invesco S&P 500 Pure Value ETF by 42.7% during the 4th quarter. Assetmark Inc. now owns 418 shares of the company’s stock valued at $43,000 after buying an additional 125 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Invesco S&P 500 Pure Value ETF during the fourth quarter valued at $44,000. Finally, Ascentis Independent Advisors bought a new stake in Invesco S&P 500 Pure Value ETF in the first quarter worth $48,000.

Invesco S&P 500 Pure Value ETF Company Profile

(Get Free Report)

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.

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