Invesco S&P SmallCap 600 Pure Value ETF (NYSEARCA:RZV) Stock Price Down 0.7% – Here’s Why

Invesco S&P SmallCap 600 Pure Value ETF (NYSEARCA:RZV)’s share price was down 0.7% during mid-day trading on Monday . The company traded as low as $151.55 and last traded at $152.08. Approximately 7,287 shares were traded during trading, a decline of 5% from the average daily volume of 7,695 shares. The stock had previously closed at $153.18.

Invesco S&P SmallCap 600 Pure Value ETF Trading Down 0.7%

The firm’s 50-day moving average price is $148.34 and its 200 day moving average price is $137.45. The company has a market cap of $302.64 million, a price-to-earnings ratio of 10.81 and a beta of 1.09.

Institutional Investors Weigh In On Invesco S&P SmallCap 600 Pure Value ETF

A number of large investors have recently bought and sold shares of RZV. American Institute for Advanced Investment Management LLP boosted its stake in shares of Invesco S&P SmallCap 600 Pure Value ETF by 1.9% in the 1st quarter. American Institute for Advanced Investment Management LLP now owns 5,870 shares of the company’s stock worth $730,000 after buying an additional 110 shares during the last quarter. CWM LLC grew its holdings in shares of Invesco S&P SmallCap 600 Pure Value ETF by 9.6% in the fourth quarter. CWM LLC now owns 2,047 shares of the company’s stock valued at $243,000 after acquiring an additional 180 shares in the last quarter. Armbruster Capital Management Inc. increased its position in shares of Invesco S&P SmallCap 600 Pure Value ETF by 0.3% during the first quarter. Armbruster Capital Management Inc. now owns 66,103 shares of the company’s stock valued at $8,223,000 after acquiring an additional 181 shares during the last quarter. Royal Bank of Canada increased its position in shares of Invesco S&P SmallCap 600 Pure Value ETF by 1.9% during the first quarter. Royal Bank of Canada now owns 10,282 shares of the company’s stock valued at $1,016,000 after acquiring an additional 195 shares during the last quarter. Finally, MML Investors Services LLC lifted its holdings in Invesco S&P SmallCap 600 Pure Value ETF by 6.3% during the fourth quarter. MML Investors Services LLC now owns 3,593 shares of the company’s stock worth $427,000 after acquiring an additional 214 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.