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

Invesco S&P SmallCap 600 Pure Value ETF (NYSEARCA:RZV)’s share price dropped 0.7% during mid-day trading on Monday . The stock 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 Stock Performance

The stock has a 50 day moving average price of $148.34 and a 200 day moving average price of $137.45. The company has a market capitalization of $302.64 million, a P/E ratio of 10.81 and a beta of 1.09.

Institutional Inflows and Outflows

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