Valley National Advisers Inc. Increases Holdings in Invesco S&P SmallCap 600 Pure Value ETF

During the third quarter, Valley National Advisers Inc. significantly increased its investment in the Invesco S&P SmallCap 600 Pure Value ETF (NYSEARCA:RZV – Free Report) by 97.1%, according to the company's recent 13F filing with the Securities and Exchange Commission. After acquiring an additional 510 shares, Valley National Advisers now holds a total of 1,035 shares in the fund. The value of these holdings reached approximately $113,000 at the conclusion of the latest reporting period.

Other institutional investors have also adjusted their positions in the Invesco S&P SmallCap 600 Pure Value ETF. Notably, Matrix Trust Co entered the market during the third quarter, acquiring a new stake valued at around $29,000. Additionally, Choate Investment Advisors established a new position in the ETF during the first quarter with an investment of approximately $296,000. Northwestern Mutual Wealth Management Co. increased its holdings by 9.3% in the second quarter, accumulating a total of 3,191 shares valued at $317,000 after acquiring an additional 271 shares in that time frame.

Furthermore, Burke & Herbert Bank & Trust Co. also obtained a new stake in the Invesco S&P SmallCap 600 Pure Value ETF during the second quarter, with a valuation of around $362,000. Smallwood Wealth Investment Management LLC made a similar move, buying new shares valued at $390,000 during the same period. The increasing interest from various institutional investors highlights the ETF's attractive position in the market.

Invesco S&P SmallCap 600 Pure Value ETF Stock Performance

As of Tuesday, the Invesco S&P SmallCap 600 Pure Value ETF opened at $108.65. The fund holds a market capitalization of $243.38 million and has a price-to-earnings ratio of 9.58, with a beta of 1.32. Over the past year, the ETF has reached a low of $83.91 and a high of $114.47. Its fifty-day moving average stands at $107.41, while the two-hundred day moving average is noted at $104.33.

Invesco S&P SmallCap 600 Pure Value ETF Overview

The Invesco S&P SmallCap 600 Pure Value ETF aims to closely track the performance of the S&P SmallCap 600 Pure Value Index. The fund adopts a passive management strategy known as replication, which involves investing in nearly all securities contained in the index in proportions that closely mirror those of the index. This strategy allows investors to gain exposure to the pure value segment of small-cap stocks, offering a diversified yet focused investment approach.

What’s Next?

Investors interested in the Invesco S&P SmallCap 600 Pure Value ETF should consider following its developments closely as well as the movements of other hedge funds in the sector. Staying informed about the latest 13F filings and insider trades can provide valuable insights for potential investments in this fund.

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