Merit Financial Group LLC Has $709,000 Position in Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG)

Merit Financial Group LLC trimmed its stake in Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) by 18.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,963 shares of the company’s stock after selling 4,847 shares during the quarter. Merit Financial Group LLC’s holdings in Invesco S&P 500 Pure Growth ETF were worth $709,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RPG. HHM Wealth Advisors LLC increased its position in Invesco S&P 500 Pure Growth ETF by 400.0% in the 3rd quarter. HHM Wealth Advisors LLC now owns 3,625 shares of the company’s stock valued at $109,000 after buying an additional 2,900 shares in the last quarter. Creative Planning grew its position in Invesco S&P 500 Pure Growth ETF by 469.1% in the 3rd quarter. Creative Planning now owns 709,109 shares of the company’s stock valued at $21,380,000 after purchasing an additional 584,497 shares during the period. Delos Wealth Advisors LLC increased its stake in Invesco S&P 500 Pure Growth ETF by 394.9% during the 3rd quarter. Delos Wealth Advisors LLC now owns 29,650 shares of the company’s stock valued at $928,000 after purchasing an additional 23,659 shares in the last quarter. Wambolt & Associates LLC raised its holdings in Invesco S&P 500 Pure Growth ETF by 261.0% during the third quarter. Wambolt & Associates LLC now owns 31,046 shares of the company’s stock worth $924,000 after buying an additional 22,446 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in shares of Invesco S&P 500 Pure Growth ETF by 449.2% in the third quarter. LPL Financial LLC now owns 1,266,815 shares of the company’s stock valued at $38,194,000 after buying an additional 1,036,144 shares in the last quarter.

Invesco S&P 500 Pure Growth ETF Price Performance

NYSEARCA:RPG opened at $35.50 on Tuesday. Invesco S&P 500 Pure Growth ETF has a one year low of $28.52 and a one year high of $37.14. The company has a market cap of $1.56 billion, a PE ratio of 2.66 and a beta of 1.05. The firm has a 50-day moving average of $35.65 and a 200-day moving average of $33.20.

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.