Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Sets New 52-Week High – Should You Buy?

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) shares reached a new 52-week high on Monday . The stock traded as high as $43.44 and last traded at $43.40, with a volume of 76394 shares trading hands. The stock had previously closed at $43.11.

Invesco S&P 500 Pure Growth ETF Stock Up 1.2 %

The company has a market capitalization of $1.94 billion, a PE ratio of 2.66 and a beta of 1.05. The company’s 50 day moving average is $40.98 and its two-hundred day moving average is $38.27.

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

Institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC bought a new position in Invesco S&P 500 Pure Growth ETF during the second quarter valued at $90,000. Matrix Trust Co bought a new stake in shares of Invesco S&P 500 Pure Growth ETF in the 3rd quarter worth about $117,000. EP Wealth Advisors LLC bought a new stake in shares of Invesco S&P 500 Pure Growth ETF in the 3rd quarter worth about $178,000. Cetera Advisors LLC bought a new stake in shares of Invesco S&P 500 Pure Growth ETF in the 1st quarter worth about $212,000. Finally, Benjamin Edwards Inc. bought a new stake in shares of Invesco S&P 500 Pure Growth ETF in the 3rd quarter worth about $266,000.

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.