Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) Shares Up 3.1% – Here’s Why

Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG)’s stock price shot up 3.1% during trading on Wednesday . The stock traded as high as $63.04 and last traded at $63.04. 4,011 shares traded hands during trading, a decline of 68% from the average session volume of 12,376 shares. The stock had previously closed at $61.16.

Invesco S&P MidCap 400 Pure Growth ETF Trading Up 3.1%

The company’s 50 day moving average is $57.37 and its 200 day moving average is $55.00. The stock has a market capitalization of $353.65 million, a price-to-earnings ratio of 20.52 and a beta of 1.12.

Institutional Investors Weigh In On Invesco S&P MidCap 400 Pure Growth ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Independent Financial Group LLC acquired a new stake in Invesco S&P MidCap 400 Pure Growth ETF during the 1st quarter worth $755,000. IMC Chicago LLC purchased a new position in Invesco S&P MidCap 400 Pure Growth ETF during the 1st quarter worth $424,000. Fifth Third Bancorp purchased a new position in Invesco S&P MidCap 400 Pure Growth ETF during the 1st quarter worth $266,000. Kestra Advisory Services LLC grew its position in Invesco S&P MidCap 400 Pure Growth ETF by 7.8% during the 1st quarter. Kestra Advisory Services LLC now owns 24,255 shares of the company’s stock worth $1,329,000 after purchasing an additional 1,752 shares during the last quarter. Finally, Evolution Wealth Management Inc. purchased a new position in Invesco S&P MidCap 400 Pure Growth ETF during the 1st quarter worth $27,000.

Invesco S&P MidCap 400 Pure Growth ETF Company Profile

Rydex S&P MidCap 400 Pure Growth ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P MidCap 400 Pure Growth Index (the Index). The Index is narrow in focus, containing only those S&P MidCap 400 companies with strong growth characteristics as selected by S&P. 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.