Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Sees Unusually-High Trading Volume – Time to Buy?

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) shares saw unusually-strong trading volume on Thursday . 412,429 shares traded hands during mid-day trading, a decline of 16% from the previous session’s volume of 491,874 shares.The stock last traded at $57.88 and had previously closed at $58.89.

Invesco S&P 500 Pure Growth ETF Price Performance

The company’s 50-day moving average price is $59.69 and its 200-day moving average price is $53.18. The company has a market cap of $2.03 billion, a P/E ratio of 24.25 and a beta of 1.21.

Hedge Funds Weigh In On Invesco S&P 500 Pure Growth ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC acquired a new stake in shares of Invesco S&P 500 Pure Growth ETF in the 4th quarter valued at about $29,000. Arax Advisory Partners acquired a new position in shares of Invesco S&P 500 Pure Growth ETF during the fourth quarter worth about $39,000. Financial Life Planners acquired a new position in shares of Invesco S&P 500 Pure Growth ETF during the first quarter worth about $44,000. Aventura Private Wealth LLC acquired a new position in shares of Invesco S&P 500 Pure Growth ETF during the fourth quarter worth about $47,000. Finally, First Command Advisory Services Inc. bought a new position in shares of Invesco S&P 500 Pure Growth ETF during the fourth quarter worth about $54,000.

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.