Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Sets New 1-Year High – Here’s What Happened

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

Invesco S&P 500 Pure Growth ETF Stock Performance

The stock has a market cap of $1.67 billion, a PE ratio of 24.25 and a beta of 1.16. The firm’s 50-day moving average is $48.38 and its 200 day moving average is $47.41.

Hedge Funds Weigh In On Invesco S&P 500 Pure Growth ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Founders Financial Alliance LLC raised its stake 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 valued at $25,000 after acquiring 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 purchased a new position in Invesco S&P 500 Pure Growth ETF in the 4th quarter valued at $29,000. Arax Advisory Partners purchased a new position in Invesco S&P 500 Pure Growth ETF during the 4th quarter worth $39,000. Finally, Financial Life Planners acquired a new stake in shares of Invesco S&P 500 Pure Growth ETF in the 3rd quarter worth $45,000.

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.