Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Hits New 52-Week High – Time to Buy?

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) shares reached a new 52-week high on Thursday . The stock traded as high as $42.67 and last traded at $42.66, with a volume of 324904 shares. The stock had previously closed at $41.89.

Invesco S&P 500 Pure Growth ETF Stock Up 1.7 %

The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 2.66 and a beta of 1.05. The business’s 50 day simple moving average is $40.13 and its 200-day simple moving average is $37.78.

Institutional Investors Weigh In On Invesco S&P 500 Pure Growth ETF

Large investors have recently modified their holdings of the business. Delos Wealth Advisors LLC boosted its stake in shares of Invesco S&P 500 Pure Growth ETF by 7.4% in the 3rd quarter. Delos Wealth Advisors LLC now owns 49,832 shares of the company’s stock valued at $1,957,000 after purchasing an additional 3,447 shares in the last quarter. EP Wealth Advisors LLC bought a new position in Invesco S&P 500 Pure Growth ETF in the 3rd quarter valued at approximately $178,000. Jane Street Group LLC boosted its position in Invesco S&P 500 Pure Growth ETF by 762.7% in the third quarter. Jane Street Group LLC now owns 76,356 shares of the company’s stock valued at $2,998,000 after buying an additional 67,505 shares in the last quarter. Benjamin Edwards Inc. bought a new stake in shares of Invesco S&P 500 Pure Growth ETF during the third quarter worth $266,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Invesco S&P 500 Pure Growth ETF by 145.0% during the third quarter. BNP Paribas Financial Markets now owns 262,112 shares of the company’s stock worth $10,293,000 after buying an additional 155,112 shares in 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.