Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Sets New 12-Month High – Here’s Why

Shares of Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPGGet Free Report) reached a new 52-week high on Thursday . The stock traded as high as $49.70 and last traded at $49.23, with a volume of 24203 shares. The stock had previously closed at $49.17.

Invesco S&P 500 Pure Growth ETF Stock Performance

The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 24.25 and a beta of 1.16. The company’s 50 day simple moving average is $46.94 and its 200 day simple moving average is $47.04.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RPG. Founders Financial Alliance LLC lifted its position in Invesco S&P 500 Pure Growth ETF by 354.9% in the third quarter. Founders Financial Alliance LLC now owns 514 shares of the company’s stock worth $25,000 after purchasing an additional 401 shares during the period. Mather Group LLC. bought a new stake in shares of Invesco S&P 500 Pure Growth ETF in the 3rd quarter worth $29,000. Financial Life Planners acquired a new stake in shares of Invesco S&P 500 Pure Growth ETF in the third quarter valued at $45,000. Aventura Private Wealth LLC bought a new position in Invesco S&P 500 Pure Growth ETF during the fourth quarter valued at about $47,000. Finally, Hantz Financial Services Inc. acquired a new position in Invesco S&P 500 Pure Growth ETF during the second quarter worth about $50,000.

Invesco S&P 500 Pure Growth ETF Company Profile

(Get Free Report)

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.

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