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) reached a new 52-week high on Tuesday . The stock traded as high as $54.10 and last traded at $54.02, with a volume of 29218 shares trading hands. The stock had previously closed at $53.88.

Invesco S&P 500 Pure Growth ETF Trading Up 0.2%

The stock has a 50 day simple moving average of $49.20 and a 200-day simple moving average of $48.03. The firm has a market cap of $1.84 billion, a P/E ratio of 24.25 and a beta of 1.17.

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

Several institutional investors have recently bought and sold shares of the business. Trinity Wealth Management LLC bought a new position in Invesco S&P 500 Pure Growth ETF during the first quarter valued at $6,687,000. Corient Private Wealth LLC lifted its position in Invesco S&P 500 Pure Growth ETF by 46.3% during the fourth quarter. Corient Private Wealth LLC now owns 86,103 shares of the company’s stock valued at $4,035,000 after purchasing an additional 27,244 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in Invesco S&P 500 Pure Growth ETF by 17.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 40,726 shares of the company’s stock valued at $1,900,000 after purchasing an additional 5,968 shares during the last quarter. AQR Capital Management LLC bought a new position in Invesco S&P 500 Pure Growth ETF during the fourth quarter valued at $342,000. Finally, Equitable Holdings Inc. lifted its position in Invesco S&P 500 Pure Growth ETF by 6.3% during the fourth quarter. Equitable Holdings Inc. now owns 17,435 shares of the company’s stock valued at $814,000 after purchasing an additional 1,028 shares during the last quarter.

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.