Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Hits New 12-Month High – Here’s Why

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $50.14 and last traded at $49.2410, with a volume of 35665 shares trading hands. The stock had previously closed at $49.29.

Invesco S&P 500 Pure Growth ETF Price Performance

The company has a market cap of $1.66 billion, a price-to-earnings ratio of 24.25 and a beta of 1.16. The business’s fifty day moving average price is $48.00 and its 200 day moving average price is $47.30.

Institutional Trading of Invesco S&P 500 Pure Growth ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Founders Financial Alliance LLC raised its holdings in Invesco S&P 500 Pure Growth ETF by 354.9% during the 3rd quarter. Founders Financial Alliance LLC now owns 514 shares of the company’s stock worth $25,000 after purchasing an additional 401 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of Invesco S&P 500 Pure Growth ETF during the third quarter worth $29,000. International Assets Investment Management LLC bought a new position in Invesco S&P 500 Pure Growth ETF during the fourth quarter worth $29,000. Financial Life Planners acquired a new position in Invesco S&P 500 Pure Growth ETF in the third quarter valued at $45,000. Finally, Aventura Private Wealth LLC bought a new stake in Invesco S&P 500 Pure Growth ETF during the fourth quarter valued at $47,000.

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.