Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) Sees Large Volume Increase – Still a Buy?

Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) shares saw unusually-strong trading volume on Thursday . Approximately 5,410,075 shares were traded during mid-day 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 firm’s fifty day moving average is $92.67 and its two-hundred day moving average is $89.50. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 11.45 and a beta of 0.91.

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

Large investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new position in shares of Invesco S&P 500 Pure Value ETF in the 3rd quarter worth about $101,207,000. Kingsview Wealth Management LLC purchased a new position in Invesco S&P 500 Pure Value ETF during the 3rd quarter valued at about $3,190,000. Silver Oak Securities Incorporated bought a new position in Invesco S&P 500 Pure Value ETF in the 3rd quarter worth about $1,606,000. Strategic Advocates LLC boosted its stake in Invesco S&P 500 Pure Value ETF by 4.7% in the third quarter. Strategic Advocates LLC now owns 240,238 shares of the company’s stock worth $21,362,000 after buying an additional 10,752 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Invesco S&P 500 Pure Value ETF in the second quarter worth $698,000.

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.