Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) Sees Large Volume Increase – Here’s What Happened

Shares of Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) saw unusually-strong trading volume on Thursday. 466,774 shares traded hands during mid-day 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 Price Performance

The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 13.00 and a beta of 0.82. The business has a fifty day moving average of $120.37 and a 200 day moving average of $114.92.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Compass Financial Management LLC bought a new position in shares of Invesco S&P 500 Pure Value ETF during the 2nd quarter valued at $26,000. MBM Wealth Consultants LLC bought a new stake in Invesco S&P 500 Pure Value ETF in the first quarter worth $36,000. Ascentis Independent Advisors acquired a new position in Invesco S&P 500 Pure Value ETF during the first quarter worth $48,000. Diversify Wealth Management LLC bought a new position in Invesco S&P 500 Pure Value ETF during the first quarter valued at about $214,000. Finally, Independent Financial Group LLC bought a new position in Invesco S&P 500 Pure Value ETF during the first quarter valued at about $224,000.

Invesco S&P 500 Pure Value ETF Company Profile

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.