Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Hits New 52-Week High – Time to Buy?

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $48.67 and last traded at $48.67, with a volume of 111512 shares trading hands. The stock had previously closed at $47.76.

Invesco S&P 500 Pure Growth ETF Stock Up 2.1%

The company has a fifty day moving average of $46.55 and a two-hundred day moving average of $46.76. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 24.25 and a beta of 1.16.

Institutional Trading of Invesco S&P 500 Pure Growth ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Baird Financial Group Inc. raised its holdings in Invesco S&P 500 Pure Growth ETF by 355.3% during the first quarter. Baird Financial Group Inc. now owns 26,911 shares of the company’s stock worth $1,029,000 after purchasing an additional 21,001 shares in the last quarter. Royal Bank of Canada increased its position in Invesco S&P 500 Pure Growth ETF by 8.5% during the 1st quarter. Royal Bank of Canada now owns 356,395 shares of the company’s stock worth $13,632,000 after purchasing an additional 27,996 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Invesco S&P 500 Pure Growth ETF during the 1st quarter worth approximately $472,000. NewEdge Advisors LLC lifted its holdings in shares of Invesco S&P 500 Pure Growth ETF by 16.3% in the 1st quarter. NewEdge Advisors LLC now owns 49,711 shares of the company’s stock valued at $1,901,000 after buying an additional 6,950 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Invesco S&P 500 Pure Growth ETF by 496.4% in the 1st quarter. Jones Financial Companies Lllp now owns 34,443 shares of the company’s stock valued at $1,317,000 after buying an additional 28,668 shares during the period.

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.