Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) Sees Strong Trading Volume – Here’s Why

Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) shares saw unusually-high trading volume on Monday . Approximately 1,673,188 shares traded hands during mid-day trading, an increase of 278% from the previous session’s volume of 442,456 shares.The stock last traded at $91.15 and had previously closed at $91.01.

Invesco S&P 500 Pure Value ETF Stock Down 0.6 %

The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 11.45 and a beta of 0.91. The business has a 50-day moving average price of $91.94 and a 200-day moving average price of $90.17.

Hedge Funds Weigh In On Invesco S&P 500 Pure Value ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RPV. Creative Planning increased its holdings in shares of Invesco S&P 500 Pure Value ETF by 22.7% in the 3rd quarter. Creative Planning now owns 10,243 shares of the company’s stock valued at $911,000 after purchasing an additional 1,898 shares during the period. Twelve Points Wealth Management LLC increased its stake in Invesco S&P 500 Pure Value ETF by 5.4% in the 3rd quarter. Twelve Points Wealth Management LLC now owns 32,841 shares of the company’s stock valued at $2,920,000 after buying an additional 1,672 shares during the period. SPC Financial Inc. lifted its position in Invesco S&P 500 Pure Value ETF by 20.6% in the 3rd quarter. SPC Financial Inc. now owns 19,585 shares of the company’s stock worth $1,741,000 after buying an additional 3,345 shares in the last quarter. Good Life Advisors LLC boosted its stake in shares of Invesco S&P 500 Pure Value ETF by 100.1% during the 3rd quarter. Good Life Advisors LLC now owns 5,624 shares of the company’s stock valued at $500,000 after buying an additional 2,813 shares during the period. Finally, Strategic Advocates LLC grew its holdings in shares of Invesco S&P 500 Pure Value ETF by 4.7% during the 3rd quarter. Strategic Advocates LLC now owns 240,238 shares of the company’s stock valued at $21,362,000 after acquiring an additional 10,752 shares in the last quarter.

About Invesco S&P 500 Pure Value ETF

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.