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

Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) saw unusually-high trading volume on Thursday . Approximately 5,410,075 shares were traded during trading, an increase of 934% from the previous session’s volume of 523,091 shares.The stock last traded at $93.53 and had previously closed at $92.87.

Invesco S&P 500 Pure Value ETF Price Performance

The stock has a market capitalization of $2.28 billion, a P/E ratio of 11.45 and a beta of 0.91. The stock has a fifty day moving average price of $92.66 and a 200 day moving average price of $89.61.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. New Millennium Group LLC purchased a new stake in shares of Invesco S&P 500 Pure Value ETF in the fourth quarter worth $54,000. Strategic Advocates LLC raised its holdings in shares of Invesco S&P 500 Pure Value ETF by 5.3% in the 4th quarter. Strategic Advocates LLC now owns 252,922 shares of the company’s stock valued at $22,816,000 after acquiring an additional 12,684 shares in the last quarter. SOL Capital Management CO boosted its position in shares of Invesco S&P 500 Pure Value ETF by 0.8% during the 4th quarter. SOL Capital Management CO now owns 38,939 shares of the company’s stock valued at $3,513,000 after acquiring an additional 290 shares during the last quarter. United Asset Strategies Inc. grew its holdings in shares of Invesco S&P 500 Pure Value ETF by 1.9% during the fourth quarter. United Asset Strategies Inc. now owns 58,785 shares of the company’s stock worth $5,303,000 after purchasing an additional 1,119 shares in the last quarter. Finally, Peak Financial Management Inc. increased its position in shares of Invesco S&P 500 Pure Value ETF by 0.3% in the fourth quarter. Peak Financial Management Inc. now owns 101,041 shares of the company’s stock worth $9,115,000 after purchasing an additional 290 shares during the last quarter.

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.