Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Sees Strong Trading Volume – Should You Buy?

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) saw unusually-strong trading volume on Monday . 213,655 shares were traded during trading, a decline of 57% from the previous session’s volume of 498,602 shares.The stock last traded at $56.93 and had previously closed at $56.74.

Invesco S&P 500 Pure Growth ETF Stock Performance

The stock’s fifty day moving average is $59.67 and its 200 day moving average is $53.69. The stock has a market cap of $1.97 billion, a P/E ratio of 24.25 and a beta of 1.21.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its holdings in shares of Invesco S&P 500 Pure Growth ETF by 0.8% in the 3rd quarter. Bank of America Corp DE now owns 938,500 shares of the company’s stock worth $44,785,000 after purchasing an additional 7,423 shares during the period. Raymond James Financial Inc. increased its position in shares of Invesco S&P 500 Pure Growth ETF by 1.9% during the 3rd quarter. Raymond James Financial Inc. now owns 662,814 shares of the company’s stock valued at $31,629,000 after purchasing an additional 12,250 shares during the last quarter. UBS Group AG raised its holdings in Invesco S&P 500 Pure Growth ETF by 25.9% during the 4th quarter. UBS Group AG now owns 552,437 shares of the company’s stock valued at $25,785,000 after buying an additional 113,711 shares during the period. Royal Bank of Canada raised its holdings in Invesco S&P 500 Pure Growth ETF by 3.1% during the 1st quarter. Royal Bank of Canada now owns 337,816 shares of the company’s stock valued at $15,790,000 after buying an additional 10,262 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Invesco S&P 500 Pure Growth ETF by 13.4% in the fourth quarter. JPMorgan Chase & Co. now owns 326,936 shares of the company’s stock worth $15,260,000 after buying an additional 38,527 shares during the last quarter.

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.