Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Hits New 12-Month High – Still a Buy?

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) shares reached a new 52-week high on Tuesday . The stock traded as high as $42.60 and last traded at $42.56, with a volume of 29849 shares traded. The stock had previously closed at $42.60.

Invesco S&P 500 Pure Growth ETF Stock Down 0.3 %

The company has a fifty day simple moving average of $39.44 and a 200-day simple moving average of $37.50. The firm has a market cap of $1.86 billion, a P/E ratio of 2.66 and a beta of 1.05.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in Invesco S&P 500 Pure Growth ETF in the 2nd quarter worth approximately $90,000. Matrix Trust Co bought a new position in shares of Invesco S&P 500 Pure Growth ETF during the third quarter worth $117,000. Cetera Advisors LLC purchased a new position in Invesco S&P 500 Pure Growth ETF during the first quarter valued at $212,000. Wealth Enhancement Advisory Services LLC increased its holdings in Invesco S&P 500 Pure Growth ETF by 34.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the company’s stock valued at $275,000 after acquiring an additional 1,904 shares during the last quarter. Finally, RIA Advisory Group LLC purchased a new stake in Invesco S&P 500 Pure Growth ETF in the 3rd quarter worth $297,000.

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.