Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Sees Large Volume Increase – Still a Buy?

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) saw unusually-strong trading volume on Tuesday . Approximately 235,414 shares were traded during trading, an increase of 93% from the previous session’s volume of 122,182 shares.The stock last traded at $49.3650 and had previously closed at $48.81.

Invesco S&P 500 Pure Growth ETF Price Performance

The business’s 50 day moving average is $47.68 and its 200-day moving average is $47.23. The company has a market cap of $1.63 billion, a PE ratio of 24.25 and a beta of 1.16.

Hedge Funds Weigh In On Invesco S&P 500 Pure Growth ETF

Hedge funds have recently modified their holdings of the business. Founders Financial Alliance LLC grew its position in Invesco S&P 500 Pure Growth ETF by 354.9% in the 3rd quarter. Founders Financial Alliance LLC now owns 514 shares of the company’s stock valued at $25,000 after buying an additional 401 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of Invesco S&P 500 Pure Growth ETF in the 3rd quarter worth approximately $29,000. International Assets Investment Management LLC acquired a new stake in Invesco S&P 500 Pure Growth ETF in the fourth quarter valued at $29,000. Financial Life Planners acquired a new stake in Invesco S&P 500 Pure Growth ETF in the 3rd quarter valued at about $45,000. Finally, Aventura Private Wealth LLC purchased a new stake in Invesco S&P 500 Pure Growth ETF in the 4th quarter valued at approximately $47,000.

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. 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.