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

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) saw unusually-high trading volume on Tuesday . 688,737 shares changed hands during mid-day trading, an increase of 42% from the previous session’s volume of 486,493 shares.The stock last traded at $58.49 and had previously closed at $60.50.

Invesco S&P 500 Pure Growth ETF Stock Down 2.3%

The company has a market cap of $2.16 billion, a P/E ratio of 24.25 and a beta of 1.21. The company has a fifty day moving average of $58.99 and a 200 day moving average of $52.49.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of RPG. Global View Capital Management LLC bought a new stake in shares of Invesco S&P 500 Pure Growth ETF during the 2nd quarter valued at about $9,291,000. Trinity Wealth Management LLC bought a new position in shares of Invesco S&P 500 Pure Growth ETF in the 1st quarter worth approximately $6,687,000. Private Advisor Group LLC boosted its holdings in shares of Invesco S&P 500 Pure Growth ETF by 195.9% in the first quarter. Private Advisor Group LLC now owns 209,714 shares of the company’s stock worth $9,802,000 after buying an additional 138,834 shares during the last quarter. One Capital Management LLC purchased a new position in shares of Invesco S&P 500 Pure Growth ETF in the third quarter worth approximately $5,579,000. Finally, Summit Wealth Group LLC Co. bought a new stake in Invesco S&P 500 Pure Growth ETF during the fourth quarter valued at approximately $5,368,000.

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.