Mercer Global Advisors Inc. ADV Raises Position in Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG)

Mercer Global Advisors Inc. ADV increased its holdings in shares of Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) by 94.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 26,097 shares of the company’s stock after purchasing an additional 12,680 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Invesco S&P 500 Pure Growth ETF were worth $1,077,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of Invesco S&P 500 Pure Growth ETF by 2.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,751 shares of the company’s stock worth $383,000 after acquiring an additional 270 shares during the last quarter. US Bancorp DE increased its stake in Invesco S&P 500 Pure Growth ETF by 1.4% during the 4th quarter. US Bancorp DE now owns 24,834 shares of the company’s stock valued at $1,025,000 after purchasing an additional 354 shares in the last quarter. MML Investors Services LLC raised its holdings in shares of Invesco S&P 500 Pure Growth ETF by 1.5% in the fourth quarter. MML Investors Services LLC now owns 26,562 shares of the company’s stock worth $1,096,000 after buying an additional 391 shares during the last quarter. Mariner LLC lifted its stake in shares of Invesco S&P 500 Pure Growth ETF by 3.1% during the fourth quarter. Mariner LLC now owns 14,317 shares of the company’s stock worth $591,000 after buying an additional 432 shares during the period. Finally, Avantax Advisory Services Inc. grew its holdings in shares of Invesco S&P 500 Pure Growth ETF by 0.3% during the fourth quarter. Avantax Advisory Services Inc. now owns 150,013 shares of the company’s stock valued at $6,190,000 after buying an additional 476 shares during the last quarter.

Invesco S&P 500 Pure Growth ETF Price Performance

Shares of RPG stock opened at $40.97 on Friday. The business has a fifty day moving average of $38.23 and a 200 day moving average of $41.07. Invesco S&P 500 Pure Growth ETF has a 1 year low of $32.16 and a 1 year high of $45.11. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 21.54 and a beta of 1.17.

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.