Invesco S&P SmallCap 600 Pure Value ETF (NYSEARCA:RZV) Shares Down 0.1% – Here’s What Happened

Invesco S&P SmallCap 600 Pure Value ETF (NYSEARCA:RZV) dropped 0.1% during mid-day trading on Tuesday . The company traded as low as $141.48 and last traded at $142.74. 2,424 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 7,132 shares. The stock had previously closed at $142.88.

Invesco S&P SmallCap 600 Pure Value ETF Stock Up 0.7%

The stock has a 50 day simple moving average of $138.06 and a 200 day simple moving average of $130.50. The company has a market capitalization of $282.52 million, a price-to-earnings ratio of 10.81 and a beta of 1.10.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RZV. IMC Chicago LLC acquired a new stake in Invesco S&P SmallCap 600 Pure Value ETF in the fourth quarter worth $5,152,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco S&P SmallCap 600 Pure Value ETF by 310.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 18,087 shares of the company’s stock valued at $2,151,000 after acquiring an additional 13,679 shares during the period. Theory Financial LLC grew its position in shares of Invesco S&P SmallCap 600 Pure Value ETF by 33.4% during the first quarter. Theory Financial LLC now owns 37,781 shares of the company’s stock worth $4,700,000 after acquiring an additional 9,462 shares during the last quarter. Fortis Group Advisors LLC bought a new position in shares of Invesco S&P SmallCap 600 Pure Value ETF during the fourth quarter worth about $1,166,000. Finally, Innova Wealth Partners increased its holdings in shares of Invesco S&P SmallCap 600 Pure Value ETF by 43.3% in the 1st quarter. Innova Wealth Partners now owns 11,209 shares of the company’s stock worth $1,394,000 after acquiring an additional 3,389 shares during the period.

About Invesco S&P SmallCap 600 Pure Value ETF

Guggenheim S&P SmallCap 600 Pure Value ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P SmallCap 600 Pure Value Index (the Index). The Fund uses a passive management strategy, known as replication, to track the performance of the Index. Replication refers to investing in substantially all of the securities in the Index in approximately the same proportions as in the Index. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.