Cutler Investment Counsel LLC Sells 51,502 Shares of Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG)

Cutler Investment Counsel LLC lowered its stake in Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) by 12.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 358,109 shares of the company’s stock after selling 51,502 shares during the period. Invesco S&P 500 Pure Growth ETF comprises 1.8% of Cutler Investment Counsel LLC’s holdings, making the stock its 18th largest position. Cutler Investment Counsel LLC’s holdings in Invesco S&P 500 Pure Growth ETF were worth $14,063,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in RPG. LPL Financial LLC lifted its position in shares of Invesco S&P 500 Pure Growth ETF by 5.8% in the 2nd quarter. LPL Financial LLC now owns 1,160,244 shares of the company’s stock worth $43,231,000 after purchasing an additional 63,101 shares during the period. Matrix Trust Co bought a new position in shares of Invesco S&P 500 Pure Growth ETF in the 3rd quarter worth approximately $117,000. Essex Financial Services Inc. lifted its stake in shares of Invesco S&P 500 Pure Growth ETF by 1.4% in the 2nd quarter. Essex Financial Services Inc. now owns 29,617 shares of the company’s stock valued at $1,104,000 after purchasing an additional 416 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Invesco S&P 500 Pure Growth ETF by 34.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,375 shares of the company’s stock valued at $275,000 after purchasing an additional 1,904 shares in the last quarter. Finally, Twelve Points Wealth Management LLC grew its stake in Invesco S&P 500 Pure Growth ETF by 3.4% in the third quarter. Twelve Points Wealth Management LLC now owns 152,648 shares of the company’s stock worth $5,994,000 after purchasing an additional 5,043 shares during the period.

Invesco S&P 500 Pure Growth ETF Trading Down 1.3 %

RPG traded down $0.53 during trading on Friday, reaching $41.44. The stock had a trading volume of 326,222 shares, compared to its average volume of 317,306. Invesco S&P 500 Pure Growth ETF has a one year low of $30.05 and a one year high of $42.64. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 2.66 and a beta of 1.05. The stock’s 50 day moving average is $39.67 and its two-hundred day moving average is $37.56.

Invesco S&P 500 Pure Growth ETF 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.