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) hit a new 52-week high during trading on Wednesday . The stock traded as high as $50.14 and last traded at $49.2410, with a volume of 35665 shares traded. The stock had previously closed at $49.29.

Invesco S&P 500 Pure Growth ETF Stock Up 0.7%

The stock has a 50-day simple moving average of $48.00 and a two-hundred day simple moving average of $47.30. The firm has a market cap of $1.66 billion, a PE ratio of 24.25 and a beta of 1.16.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in RPG. Bank of America Corp DE raised its stake in Invesco S&P 500 Pure Growth ETF by 0.8% during the third quarter. Bank of America Corp DE now owns 938,500 shares of the company’s stock valued at $44,785,000 after buying an additional 7,423 shares during the last quarter. Raymond James Financial Inc. raised its position in shares of Invesco S&P 500 Pure Growth ETF by 1.9% in the 3rd quarter. Raymond James Financial Inc. now owns 662,814 shares of the company’s stock worth $31,629,000 after purchasing an additional 12,250 shares during the last quarter. UBS Group AG boosted its stake in Invesco S&P 500 Pure Growth ETF by 25.9% in the 4th quarter. UBS Group AG now owns 552,437 shares of the company’s stock worth $25,785,000 after purchasing an additional 113,711 shares in the last quarter. Commonwealth Equity Services LLC grew its position in Invesco S&P 500 Pure Growth ETF by 7.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 361,454 shares of the company’s stock valued at $17,249,000 after purchasing an additional 25,208 shares during the last quarter. Finally, Gimbal Financial increased its stake in Invesco S&P 500 Pure Growth ETF by 1.8% during the 3rd quarter. Gimbal Financial now owns 355,997 shares of the company’s stock valued at $16,988,000 after purchasing an additional 6,232 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. 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.