Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Reaches New 12-Month High – What’s Next?

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $44.50 and last traded at $44.45, with a volume of 107 shares traded. The stock had previously closed at $44.20.

Invesco S&P 500 Pure Growth ETF Price Performance

The business has a fifty day moving average of $42.50 and a 200 day moving average of $39.70. The stock has a market cap of $1.95 billion, a PE ratio of 2.66 and a beta of 1.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Kera Capital Partners Inc. acquired a new stake in shares of Invesco S&P 500 Pure Growth ETF in the 4th quarter worth approximately $336,000. Merit Financial Group LLC boosted its holdings in shares of Invesco S&P 500 Pure Growth ETF by 12.4% in the fourth quarter. Merit Financial Group LLC now owns 19,768 shares of the company’s stock worth $816,000 after buying an additional 2,181 shares during the period. EWG Elevate Inc. purchased a new position in shares of Invesco S&P 500 Pure Growth ETF in the fourth quarter worth approximately $3,829,000. Matrix Trust Co raised its holdings in shares of Invesco S&P 500 Pure Growth ETF by 557.3% during the fourth quarter. Matrix Trust Co now owns 19,601 shares of the company’s stock valued at $809,000 after acquiring an additional 16,619 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Invesco S&P 500 Pure Growth ETF by 2.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,751 shares of the company’s stock valued at $383,000 after acquiring an additional 270 shares in the last quarter.

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.