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

by · The Markets Daily

Shares of Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV – Get Free Report) saw unusually-strong trading volume on Thursday. 466,774 shares traded hands during trading, an increase of 178% from the previous session’s volume of 168,185 shares. The stock last traded at $114.5010 and had previously closed at $114.73.

Invesco S&P 500 Pure Value ETF Stock Performance

The firm has a market cap of $1.64 billion, a P/E ratio of 13.00 and a beta of 0.82. The firm’s fifty day moving average price is $120.48 and its 200 day moving average price is $114.86.

Institutional Trading of Invesco S&P 500 Pure Value ETF

A number of hedge funds have recently bought and sold shares of RPV. Integrated Wealth Concepts LLC lifted its stake in shares of Invesco S&P 500 Pure Value ETF by 3.9% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 39,542 shares of the company’s stock worth $4,501,000 after purchasing an additional 1,492 shares during the last quarter. NewEdge Advisors LLC grew its stake in Invesco S&P 500 Pure Value ETF by 19.9% in the second quarter. NewEdge Advisors LLC now owns 52,878 shares of the company’s stock valued at $6,019,000 after purchasing an additional 8,766 shares during the last quarter. IFP Advisors Inc grew its stake in Invesco S&P 500 Pure Value ETF by 245.1% in the second quarter. IFP Advisors Inc now owns 2,143 shares of the company’s stock valued at $244,000 after purchasing an additional 1,522 shares during the last quarter. Paragon Capital Management Ltd raised its holdings in Invesco S&P 500 Pure Value ETF by 86.3% in the second quarter. Paragon Capital Management Ltd now owns 5,937 shares of the company’s stock worth $676,000 after purchasing an additional 2,751 shares in the last quarter. Finally, Compass Financial Management LLC purchased a new stake in shares of Invesco S&P 500 Pure Value ETF during the second quarter valued at about $26,000.

About Invesco S&P 500 Pure Value ETF

(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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