RFV Stock Summary and Trading Ideas (Invesco S&P Midcap 400 Pure Value ETF | ARCA:RFV)

The Invesco S&P MidCap 400 Pure Value ETF (Fund) is based on the S&P MidCap 400 Pure Value Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index measures the performance of securities that exhibit strong value characteristics in the S&P MidCap 400 Index. Value is measured by the following risk factors: book value-to-price ratio, earnings-to-price ratio and sales-to-price ratio. The Fund and the Index are rebalanced annually.

Invesco S&P Midcap 400 Pure Value ETF trades on the ARCA stock market under the symbol RFV.

As of April 19, 2024, RFV stock price climbed to $110.05 with 2,101 million shares trading.

RFV has a beta of 1.34, meaning it tends to be more sensitive to market movements. RFV has a correlation of 0.62 to the broad based SPY ETF.

RFV has a market cap of $299.39 million. This is considered a Small Cap stock.

In the last 3 years, RFV stock traded as high as $119.56 and as low as $79.65.

RFV has underperformed the market in the last year with a price return of +18.7% while the SPY ETF gained +22.0%. RFV has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.3% and -4.8%, respectively, while the SPY returned +5.0% and -2.8%, respectively.

RFV support price is $108.04 and resistance is $110.86 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RFV stock will trade within this expected range on the day.