Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Hits New 12-Month High – Should You Buy?

Shares of Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPGGet Free Report) hit a new 52-week high during trading on Friday . The company traded as high as $50.50 and last traded at $50.3420, with a volume of 53209 shares trading hands. The stock had previously closed at $49.74.

Invesco S&P 500 Pure Growth ETF Trading Up 0.8%

The business has a 50-day moving average price of $48.38 and a two-hundred day moving average price of $47.41. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 24.25 and a beta of 1.16.

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

Hedge funds have recently added to or reduced their stakes in the stock. Founders Financial Alliance LLC boosted its holdings in shares of Invesco S&P 500 Pure Growth ETF by 354.9% during the third quarter. Founders Financial Alliance LLC now owns 514 shares of the company’s stock valued at $25,000 after acquiring an additional 401 shares during the period. Mather Group LLC. bought a new stake in Invesco S&P 500 Pure Growth ETF in the 3rd quarter valued at about $29,000. International Assets Investment Management LLC bought a new stake in Invesco S&P 500 Pure Growth ETF in the 4th quarter valued at about $29,000. Arax Advisory Partners acquired a new position in Invesco S&P 500 Pure Growth ETF during the 4th quarter valued at about $39,000. Finally, Financial Life Planners bought a new position in Invesco S&P 500 Pure Growth ETF in the 3rd quarter worth about $45,000.

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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