Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) Trading 1% Higher – Should You Buy?

Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV)’s share price shot up 1% during mid-day trading on Thursday . The company traded as high as $144.05 and last traded at $143.68. 2,371 shares traded hands during trading, a decline of 65% from the average session volume of 6,694 shares. The stock had previously closed at $142.32.

Invesco S&P MidCap 400 Pure Value ETF Trading Up 1.0%

The stock has a market capitalization of $323.28 million, a P/E ratio of 10.99 and a beta of 1.05. The firm’s fifty day moving average is $141.28 and its 200-day moving average is $136.08.

Hedge Funds Weigh In On Invesco S&P MidCap 400 Pure Value ETF

Institutional investors have recently modified their holdings of the stock. Golden State Wealth Management LLC increased its holdings in shares of Invesco S&P MidCap 400 Pure Value ETF by 5,592.9% in the fourth quarter. Golden State Wealth Management LLC now owns 797 shares of the company’s stock valued at $102,000 after purchasing an additional 783 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Invesco S&P MidCap 400 Pure Value ETF by 174.2% during the third quarter. NewEdge Advisors LLC now owns 817 shares of the company’s stock valued at $105,000 after acquiring an additional 519 shares during the period. IFP Advisors Inc boosted its holdings in Invesco S&P MidCap 400 Pure Value ETF by 71.0% in the third quarter. IFP Advisors Inc now owns 1,072 shares of the company’s stock valued at $137,000 after acquiring an additional 445 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in Invesco S&P MidCap 400 Pure Value ETF in the fourth quarter valued at about $169,000. Finally, Geneos Wealth Management Inc. increased its position in Invesco S&P MidCap 400 Pure Value ETF by 1,841.9% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,806 shares of the company’s stock worth $231,000 after purchasing an additional 1,713 shares during the period.

Invesco S&P MidCap 400 Pure Value ETF Company Profile

The Invesco S&P MidCap 400 Pure Value ETF (RFV) is an exchange-traded fund that is based on the S&P Mid Cap 400 Pure Value index. The fund tracks a fundamentally weighted index of US-listed value companies. RFV was launched on Mar 1, 2006 and is managed by Invesco.