Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Hits New 1-Year High – Time to Buy?

Shares of Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) hit a new 52-week high on Tuesday . The company traded as high as $42.60 and last traded at $42.56, with a volume of 29849 shares trading hands. The stock had previously closed at $42.60.

Invesco S&P 500 Pure Growth ETF Stock Down 0.3 %

The company has a market cap of $1.86 billion, a PE ratio of 2.66 and a beta of 1.05. The firm has a 50 day simple moving average of $39.44 and a 200-day simple moving average of $37.50.

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

Several institutional investors have recently bought and sold shares of RPG. BNP Paribas Financial Markets increased its position in Invesco S&P 500 Pure Growth ETF by 145.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 262,112 shares of the company’s stock valued at $10,293,000 after buying an additional 155,112 shares in the last quarter. RIA Advisory Group LLC acquired a new position in shares of Invesco S&P 500 Pure Growth ETF during the third quarter valued at about $297,000. Stephens Inc. AR increased its holdings in shares of Invesco S&P 500 Pure Growth ETF by 6.4% during the third quarter. Stephens Inc. AR now owns 15,915 shares of the company’s stock valued at $625,000 after acquiring an additional 955 shares in the last quarter. Strategic Blueprint LLC raised its position in shares of Invesco S&P 500 Pure Growth ETF by 70.8% in the 3rd quarter. Strategic Blueprint LLC now owns 13,089 shares of the company’s stock valued at $514,000 after purchasing an additional 5,427 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Invesco S&P 500 Pure Growth ETF by 28.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 9,481 shares of the company’s stock worth $372,000 after purchasing an additional 2,106 shares in the last quarter.

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.