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

Shares of Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) hit a new 52-week high on Wednesday . The company traded as high as $41.32 and last traded at $41.32, with a volume of 240572 shares. The stock had previously closed at $40.05.

Invesco S&P 500 Pure Growth ETF Price Performance

The firm has a market capitalization of $1.83 billion, a P/E ratio of 2.66 and a beta of 1.05. The stock has a fifty day simple moving average of $39.04 and a two-hundred day simple moving average of $37.26.

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

Several hedge funds and other institutional investors have recently modified their holdings of RPG. International Assets Investment Management LLC purchased a new position in shares of Invesco S&P 500 Pure Growth ETF during the second quarter valued at approximately $90,000. Matrix Trust Co purchased a new position in shares of Invesco S&P 500 Pure Growth ETF during the third quarter valued at approximately $117,000. Cetera Advisors LLC purchased a new position in shares of Invesco S&P 500 Pure Growth ETF during the first quarter valued at approximately $212,000. Tradewinds LLC. purchased a new position in shares of Invesco S&P 500 Pure Growth ETF during the first quarter valued at approximately $229,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Invesco S&P 500 Pure Growth ETF by 34.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the company’s stock valued at $275,000 after buying an additional 1,904 shares during the last quarter.

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.