Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG)’s share price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $54.92 and traded as high as $55.73. Invesco S&P 500 Pure Growth ETF shares last traded at $55.56, with a volume of 416,084 shares trading hands.

Invesco S&P 500 Pure Growth ETF Price Performance

The firm has a market cap of $1.73 billion, a P/E ratio of 24.25 and a beta of 1.21. The company’s 50-day simple moving average is $57.06 and its 200 day simple moving average is $54.97.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Reston Wealth Management LLC bought a new stake in shares of Invesco S&P 500 Pure Growth ETF in the 3rd quarter worth about $1,966,000. XML Financial LLC bought a new position in Invesco S&P 500 Pure Growth ETF during the 3rd quarter valued at about $2,950,000. Summit Wealth Group LLC Co. bought a new position in Invesco S&P 500 Pure Growth ETF during the 3rd quarter valued at about $7,067,000. Salomon & Ludwin LLC bought a new position in Invesco S&P 500 Pure Growth ETF during the 3rd quarter valued at about $53,000. Finally, Greenleaf Trust purchased a new stake in Invesco S&P 500 Pure Growth ETF in the 3rd quarter worth about $717,000.

About Invesco S&P 500 Pure Growth ETF

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.