Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Hits New 1-Year High – What’s Next?

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG)’s share price reached a new 52-week high on Monday . The company traded as high as $55.32 and last traded at $55.31, with a volume of 148171 shares. The stock had previously closed at $54.89.

Invesco S&P 500 Pure Growth ETF Price Performance

The business has a fifty day simple moving average of $50.15 and a two-hundred day simple moving average of $48.49. The company has a market cap of $2.00 billion, a PE ratio of 24.25 and a beta of 1.21.

Institutional Trading of Invesco S&P 500 Pure Growth ETF

Several hedge funds have recently modified their holdings of RPG. Global View Capital Management LLC purchased a new stake in shares of Invesco S&P 500 Pure Growth ETF during the second quarter valued at about $9,291,000. Trinity Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 Pure Growth ETF during the first quarter valued at about $6,687,000. Private Advisor Group LLC lifted its position in shares of Invesco S&P 500 Pure Growth ETF by 195.9% during the first quarter. Private Advisor Group LLC now owns 209,714 shares of the company’s stock valued at $9,802,000 after buying an additional 138,834 shares during the last quarter. One Capital Management LLC purchased a new stake in shares of Invesco S&P 500 Pure Growth ETF during the third quarter valued at about $5,579,000. Finally, Summit Wealth Group LLC Co. purchased a new stake in shares of Invesco S&P 500 Pure Growth ETF during the 4th quarter valued at $5,368,000.

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. 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.