Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV) Trading 1% Higher – Here’s What Happened

Invesco S&P MidCap 400 Pure Value ETF (NYSEARCA:RFV)’s stock price traded up 1% on Tuesday . The stock traded as high as $124.43 and last traded at $124.00. 34,529 shares changed hands during trading, an increase of 287% from the average session volume of 8,933 shares. The stock had previously closed at $122.78.

Invesco S&P MidCap 400 Pure Value ETF Stock Up 1.0%

The firm has a fifty day moving average price of $127.66 and a two-hundred day moving average price of $124.24. The stock has a market capitalization of $272.80 million, a P/E ratio of 10.99 and a beta of 1.16.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RFV. Nova Wealth Management Inc. grew its holdings in shares of Invesco S&P MidCap 400 Pure Value ETF by 46.6% during the second quarter. Nova Wealth Management Inc. now owns 258 shares of the company’s stock valued at $31,000 after buying an additional 82 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Invesco S&P MidCap 400 Pure Value ETF by 174.2% in the 3rd quarter. NewEdge Advisors LLC now owns 817 shares of the company’s stock worth $105,000 after acquiring an additional 519 shares during the last quarter. CoreCap Advisors LLC lifted its position in Invesco S&P MidCap 400 Pure Value ETF by 15.7% in the 3rd quarter. CoreCap Advisors LLC now owns 1,311 shares of the company’s stock valued at $168,000 after acquiring an additional 178 shares in the last quarter. Stephens Inc. AR bought a new position in Invesco S&P MidCap 400 Pure Value ETF in the 3rd quarter valued at approximately $205,000. Finally, Signature Estate & Investment Advisors LLC purchased a new stake in Invesco S&P MidCap 400 Pure Value ETF during the 2nd quarter valued at $207,000.

Invesco S&P MidCap 400 Pure Value ETF Company Profile

The Invesco S&P MidCap 400 Pure Value ETF (RFV) is an exchange-traded fund that is based on the S&P Mid Cap 400 Pure Value index. The fund tracks a fundamentally weighted index of US-listed value companies. RFV was launched on Mar 1, 2006 and is managed by Invesco.