Investors Research Corp bought a new stake in Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG – Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 13,480 shares of the company’s stock, valued at approximately $787,000.
A number of other hedge funds have also recently made changes to their positions in RPG. Rockland Trust Co. purchased a new stake in shares of Invesco S&P 500 Pure Growth ETF during the third quarter valued at approximately $384,000. Fulcrum Equity Management purchased a new position in shares of Invesco S&P 500 Pure Growth ETF during the second quarter valued at about $318,000. Wealthcare Advisory Partners LLC bought a new position in shares of Invesco S&P 500 Pure Growth ETF in the 2nd quarter worth approximately $757,000. Bay Rivers Group bought a new position in Invesco S&P 500 Pure Growth ETF in the second quarter worth $484,000. Finally, Sax Wealth Advisors LLC bought a new position in shares of Invesco S&P 500 Pure Growth ETF in the 2nd quarter worth about $436,000.
Invesco S&P 500 Pure Growth ETF Stock Down 0.9%
Shares of RPG stock traded down $0.54 during trading hours on Wednesday, hitting $59.89. 97,564 shares of the company’s stock traded hands, compared to its average volume of 487,519. The stock’s fifty day simple moving average is $57.87 and its two-hundred day simple moving average is $56.82. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 24.25 and a beta of 1.21. Invesco S&P 500 Pure Growth ETF has a 12-month low of $43.41 and a 12-month high of $64.06.
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.
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