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

Invesco S&P 500 Pure Value ETF (NYSEARCA:RPV) shares saw unusually-strong trading volume on Friday . Approximately 196,974 shares were traded during trading, an increase of 2% from the previous session’s volume of 193,544 shares.The stock last traded at $108.07 and had previously closed at $109.92.

Invesco S&P 500 Pure Value ETF Stock Down 0.7%

The stock has a market cap of $1.72 billion, a PE ratio of 13.00 and a beta of 0.96. The firm has a fifty day moving average of $108.97 and a 200 day moving average of $103.05.

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

A number of large investors have recently modified their holdings of RPV. ACR Alpine Capital Research LLC purchased a new stake in shares of Invesco S&P 500 Pure Value ETF during the 4th quarter worth about $36,485,000. New England Private Wealth Advisors LLC raised its holdings in Invesco S&P 500 Pure Value ETF by 2,001.6% in the fourth quarter. New England Private Wealth Advisors LLC now owns 346,868 shares of the company’s stock valued at $35,868,000 after buying an additional 330,363 shares during the period. Orion Porfolio Solutions LLC raised its holdings in Invesco S&P 500 Pure Value ETF by 1,884.3% in the second quarter. Orion Porfolio Solutions LLC now owns 230,019 shares of the company’s stock valued at $21,567,000 after buying an additional 218,427 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Invesco S&P 500 Pure Value ETF by 861.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 234,437 shares of the company’s stock valued at $24,231,000 after buying an additional 210,053 shares in the last quarter. Finally, Morgan Stanley grew its stake in Invesco S&P 500 Pure Value ETF by 14.4% during the fourth quarter. Morgan Stanley now owns 1,595,954 shares of the company’s stock worth $164,958,000 after buying an additional 201,464 shares during the period.

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. RPV was launched on Mar 1, 2006 and is managed by Invesco.