Cornerstone Wealth Management LLC Trims Stake in Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG)

Cornerstone Wealth Management LLC trimmed its position in shares of Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) by 1.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 28,362 shares of the company’s stock after selling 365 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Invesco S&P 500 Pure Growth ETF were worth $1,057,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Great Valley Advisor Group Inc. grew its position in Invesco S&P 500 Pure Growth ETF by 31.1% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 11,202 shares of the company’s stock valued at $417,000 after acquiring an additional 2,655 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Invesco S&P 500 Pure Growth ETF by 34.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the company’s stock valued at $275,000 after buying an additional 1,904 shares during the period. Twelve Points Wealth Management LLC boosted its position in Invesco S&P 500 Pure Growth ETF by 4.3% in the 2nd quarter. Twelve Points Wealth Management LLC now owns 147,605 shares of the company’s stock valued at $5,500,000 after buying an additional 6,131 shares during the period. Cetera Advisors LLC purchased a new position in shares of Invesco S&P 500 Pure Growth ETF during the first quarter worth approximately $212,000. Finally, XML Financial LLC raised its stake in shares of Invesco S&P 500 Pure Growth ETF by 0.5% during the first quarter. XML Financial LLC now owns 61,860 shares of the company’s stock valued at $2,271,000 after acquiring an additional 331 shares in the last quarter.

Invesco S&P 500 Pure Growth ETF Trading Up 2.6 %

Shares of NYSEARCA RPG traded up $0.96 during trading hours on Thursday, reaching $37.25. The stock had a trading volume of 199,630 shares, compared to its average volume of 325,172. The business’s fifty day moving average price is $36.69 and its two-hundred day moving average price is $35.83. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 2.66 and a beta of 1.05. Invesco S&P 500 Pure Growth ETF has a 52-week low of $28.86 and a 52-week high of $38.91.

Invesco S&P 500 Pure Growth ETF 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.