Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Sets New 12-Month Low – Should You Sell?

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $32.16 and last traded at $32.16, with a volume of 33496 shares trading hands. The stock had previously closed at $33.93.

Invesco S&P 500 Pure Growth ETF Stock Performance

The stock has a 50-day moving average of $41.22 and a 200-day moving average of $41.46. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 22.02 and a beta of 1.17.

Invesco S&P 500 Pure Growth ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a $0.0287 dividend. The ex-dividend date was Monday, March 24th. This is a positive change from Invesco S&P 500 Pure Growth ETF’s previous dividend of $0.01.

Institutional Investors Weigh In On Invesco S&P 500 Pure Growth ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in shares of Invesco S&P 500 Pure Growth ETF in the fourth quarter valued at about $25,957,000. One Capital Management LLC bought a new position in Invesco S&P 500 Pure Growth ETF in the fourth quarter valued at approximately $21,178,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Invesco S&P 500 Pure Growth ETF by 1,361.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 138,580 shares of the company’s stock worth $5,718,000 after purchasing an additional 129,099 shares during the last quarter. Stratos Wealth Partners LTD. bought a new stake in shares of Invesco S&P 500 Pure Growth ETF during the 4th quarter worth approximately $4,620,000. Finally, EWG Elevate Inc. acquired a new stake in shares of Invesco S&P 500 Pure Growth ETF in the 4th quarter valued at approximately $3,829,000.

Invesco S&P 500 Pure Growth ETF Company Profile

Guggenheim S&P 500 Pure Growth ETF, formerly Rydex S&P 500 Pure Growth ETF, seeks to replicate as closely as possible the performance of the S&P 500 Pure Growth 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.