Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Reaches New 52-Week High – Here’s Why

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $45.05 and last traded at $44.98, with a volume of 170625 shares changing hands. The stock had previously closed at $45.03.

Invesco S&P 500 Pure Growth ETF Stock Performance

The business’s 50 day simple moving average is $43.12 and its 200-day simple moving average is $40.80. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 2.66 and a beta of 1.05.

Institutional Trading of Invesco S&P 500 Pure Growth ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in RPG. Financial Life Planners bought a new stake in shares of Invesco S&P 500 Pure Growth ETF during the 4th quarter worth about $39,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Invesco S&P 500 Pure Growth ETF in the 4th quarter worth approximately $56,000. EP Wealth Advisors LLC bought a new stake in shares of Invesco S&P 500 Pure Growth ETF in the 3rd quarter worth approximately $178,000. Lowe Brockenbrough & Co. Inc. bought a new stake in shares of Invesco S&P 500 Pure Growth ETF in the 4th quarter worth approximately $204,000. Finally, Leisure Capital Management bought a new stake in shares of Invesco S&P 500 Pure Growth ETF in the 4th quarter worth approximately $206,000.

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.