Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Hits New 1-Year High – What’s Next?

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $41.32 and last traded at $41.32, with a volume of 240572 shares trading hands. The stock had previously closed at $40.05.

Invesco S&P 500 Pure Growth ETF Price Performance

The stock has a 50 day simple moving average of $39.04 and a 200-day simple moving average of $37.26. The firm has a market cap of $1.83 billion, a PE ratio of 2.66 and a beta of 1.05.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RPG. XML Financial LLC raised its stake in shares of Invesco S&P 500 Pure Growth ETF by 0.5% in the first quarter. XML Financial LLC now owns 61,860 shares of the company’s stock worth $2,271,000 after purchasing an additional 331 shares during the last quarter. Essex Financial Services Inc. raised its stake in shares of Invesco S&P 500 Pure Growth ETF by 1.4% in the second quarter. Essex Financial Services Inc. now owns 29,617 shares of the company’s stock worth $1,104,000 after purchasing an additional 416 shares during the last quarter. SPC Financial Inc. raised its stake in shares of Invesco S&P 500 Pure Growth ETF by 1.6% in the first quarter. SPC Financial Inc. now owns 31,810 shares of the company’s stock worth $1,168,000 after purchasing an additional 500 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of Invesco S&P 500 Pure Growth ETF by 5.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 14,118 shares of the company’s stock worth $526,000 after purchasing an additional 755 shares during the last quarter. Finally, Stephens Inc. AR raised its stake in shares of Invesco S&P 500 Pure Growth ETF by 6.4% in the third 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.

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.