Summit Wealth Group LLC Co. Buys 121,065 Shares of Invesco S&P 500 Pure Growth ETF $RPG

Summit Wealth Group LLC Co. purchased a new position in Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) in the 3rd quarter, Holdings Channel reports. The firm purchased 121,065 shares of the company’s stock, valued at approximately $7,067,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Salomon & Ludwin LLC bought a new stake in Invesco S&P 500 Pure Growth ETF in the 3rd quarter worth about $53,000. Greenleaf Trust purchased a new position in Invesco S&P 500 Pure Growth ETF in the 3rd quarter worth about $717,000. Investment Partners LTD. purchased a new position in Invesco S&P 500 Pure Growth ETF in the 3rd quarter worth about $290,000. Partners Wealth Management LLC bought a new position in Invesco S&P 500 Pure Growth ETF during the 3rd quarter valued at about $927,000. Finally, Choreo LLC bought a new position in Invesco S&P 500 Pure Growth ETF during the 3rd quarter valued at about $245,000.

Invesco S&P 500 Pure Growth ETF Stock Performance

RPG opened at $52.47 on Tuesday. The company’s 50-day simple moving average is $56.95 and its two-hundred day simple moving average is $54.99. The stock has a market capitalization of $1.72 billion, a P/E ratio of 24.25 and a beta of 1.21. Invesco S&P 500 Pure Growth ETF has a 52-week low of $43.41 and a 52-week high of $64.06.

About Invesco S&P 500 Pure Growth ETF

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. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowings for investment purposes, in the equity securities (and derivatives thereof) included in the Index.