Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Sets New 12-Month High – Here’s Why

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) hit a new 52-week high during trading on Monday . The company traded as high as $48.78 and last traded at $48.6890, with a volume of 64566 shares trading hands. The stock had previously closed at $48.42.

Invesco S&P 500 Pure Growth ETF Price Performance

The company has a market cap of $1.64 billion, a price-to-earnings ratio of 24.25 and a beta of 1.16. The business’s 50-day simple moving average is $46.62 and its 200-day simple moving average is $46.90.

Institutional Investors Weigh In On Invesco S&P 500 Pure Growth ETF

A number of institutional investors and hedge funds have recently bought and sold shares of RPG. Aventura Private Wealth LLC purchased a new position in Invesco S&P 500 Pure Growth ETF during the fourth quarter worth $47,000. Allworth Financial LP boosted its stake in shares of Invesco S&P 500 Pure Growth ETF by 7.0% during the third quarter. Allworth Financial LP now owns 6,778 shares of the company’s stock valued at $323,000 after acquiring an additional 443 shares during the last quarter. IFP Advisors Inc increased its position in Invesco S&P 500 Pure Growth ETF by 5.2% during the 3rd quarter. IFP Advisors Inc now owns 6,140 shares of the company’s stock worth $293,000 after purchasing an additional 302 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in Invesco S&P 500 Pure Growth ETF by 4.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 107,695 shares of the company’s stock valued at $5,139,000 after purchasing an additional 5,009 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in Invesco S&P 500 Pure Growth ETF in the 3rd quarter valued at about $5,139,000.

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. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowings for investment purposes, in the equity securities (and derivatives thereof) included in the Index.