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 hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $42.67 and last traded at $42.66, with a volume of 324904 shares traded. The stock had previously closed at $41.89.

Invesco S&P 500 Pure Growth ETF Price Performance

The company has a market cap of $1.88 billion, a price-to-earnings ratio of 2.66 and a beta of 1.05. The stock has a 50-day moving average price of $40.13 and a 200 day moving average price of $37.78.

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

Several large investors have recently made changes to their positions in RPG. International Assets Investment Management LLC acquired a new position in Invesco S&P 500 Pure Growth ETF in the 2nd quarter worth $90,000. Matrix Trust Co bought a new stake in shares of Invesco S&P 500 Pure Growth ETF in the third quarter valued at about $117,000. EP Wealth Advisors LLC bought a new position in shares of Invesco S&P 500 Pure Growth ETF during the third quarter worth about $178,000. Cetera Advisors LLC bought a new position in shares of Invesco S&P 500 Pure Growth ETF during the first quarter worth about $212,000. Finally, Benjamin Edwards Inc. acquired a new stake in Invesco S&P 500 Pure Growth ETF in the 3rd quarter valued at approximately $266,000.

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.