Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Hits New 52-Week High – What’s Next?

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $45.04 and last traded at $44.96, with a volume of 41325 shares trading hands. The stock had previously closed at $44.50.

Invesco S&P 500 Pure Growth ETF Price Performance

The business’s fifty day simple moving average is $42.90 and its 200 day simple moving average is $40.22. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 2.66 and a beta of 1.05.

Institutional Trading of Invesco S&P 500 Pure Growth ETF

Large investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC raised its stake in shares of Invesco S&P 500 Pure Growth ETF by 2.8% during the fourth 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 during the last quarter. US Bancorp DE raised its position in Invesco S&P 500 Pure Growth ETF by 1.4% during the 4th quarter. US Bancorp DE now owns 24,834 shares of the company’s stock valued at $1,025,000 after purchasing an additional 354 shares during the last quarter. Financial Life Planners purchased a new stake in Invesco S&P 500 Pure Growth ETF in the 4th quarter worth approximately $39,000. Stephens Inc. AR grew its position 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 buying an additional 955 shares during the last quarter. Finally, Principal Securities Inc. increased its stake in shares of Invesco S&P 500 Pure Growth ETF by 15.5% during the fourth quarter. Principal Securities Inc. now owns 7,828 shares of the company’s stock valued at $323,000 after buying an additional 1,051 shares during the period.

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.