Investors Research Corp Has $1.74 Million Stock Position in Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG)

Investors Research Corp cut its stake in Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) by 16.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 44,229 shares of the company’s stock after selling 8,884 shares during the quarter. Investors Research Corp’s holdings in Invesco S&P 500 Pure Growth ETF were worth $1,737,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of RPG. RIA Advisory Group LLC acquired a new position in Invesco S&P 500 Pure Growth ETF during the third quarter worth $297,000. Stephens Inc. AR grew its holdings in shares of Invesco S&P 500 Pure Growth ETF by 6.4% in the 3rd quarter. Stephens Inc. AR now owns 15,915 shares of the company’s stock worth $625,000 after purchasing an additional 955 shares during the last quarter. Strategic Blueprint LLC increased its position in shares of Invesco S&P 500 Pure Growth ETF by 70.8% during the 3rd quarter. Strategic Blueprint LLC now owns 13,089 shares of the company’s stock worth $514,000 after purchasing an additional 5,427 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Invesco S&P 500 Pure Growth ETF by 28.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 9,481 shares of the company’s stock valued at $372,000 after purchasing an additional 2,106 shares during the last quarter. Finally, Plan Group Financial LLC boosted its position in Invesco S&P 500 Pure Growth ETF by 7.3% in the third quarter. Plan Group Financial LLC now owns 179,183 shares of the company’s stock valued at $7,037,000 after buying an additional 12,134 shares in the last quarter.

Invesco S&P 500 Pure Growth ETF Stock Performance

Shares of NYSEARCA RPG traded up $0.23 during mid-day trading on Thursday, hitting $42.12. 57,230 shares of the stock were exchanged, compared to its average volume of 316,528. Invesco S&P 500 Pure Growth ETF has a twelve month low of $30.44 and a twelve month high of $42.64. The stock’s fifty day simple moving average is $40.13 and its two-hundred day simple moving average is $37.78. The company has a market cap of $1.86 billion, a P/E ratio of 2.66 and a beta of 1.05.

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.