Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) Trading Up 1.3% – What’s Next?

Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) shares shot up 1.3% during trading on Wednesday . The stock traded as high as $57.21 and last traded at $56.91. 9,640 shares traded hands during trading, an increase of 29% from the average session volume of 7,488 shares. The stock had previously closed at $56.17.

Invesco S&P MidCap 400 Pure Growth ETF Trading Up 1.3%

The company has a market capitalization of $313.01 million, a price-to-earnings ratio of 20.52 and a beta of 1.11. The company has a 50 day moving average price of $53.23 and a 200 day moving average price of $51.59.

Institutional Investors Weigh In On Invesco S&P MidCap 400 Pure Growth ETF

A number of institutional investors and hedge funds have recently modified their holdings of RFG. B. Riley Wealth Advisors Inc. bought a new position in shares of Invesco S&P MidCap 400 Pure Growth ETF during the second quarter worth $790,000. Berry Wealth Group LP acquired a new stake in Invesco S&P MidCap 400 Pure Growth ETF during the 2nd quarter worth $207,000. Envestnet Asset Management Inc. raised its stake in Invesco S&P MidCap 400 Pure Growth ETF by 9.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,915 shares of the company’s stock worth $630,000 after buying an additional 1,093 shares during the period. Howe & Rusling Inc. bought a new position in Invesco S&P MidCap 400 Pure Growth ETF during the second quarter worth about $129,000. Finally, M Holdings Securities Inc. acquired a new position in Invesco S&P MidCap 400 Pure Growth ETF in the second quarter valued at about $681,000.

About Invesco S&P MidCap 400 Pure Growth ETF

Rydex S&P MidCap 400 Pure Growth ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P MidCap 400 Pure Growth Index (the Index). The Index is narrow in focus, containing only those S&P MidCap 400 companies with strong growth characteristics as selected by S&P. 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.