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

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $44.50 and last traded at $44.45, with a volume of 107 shares. The stock had previously closed at $44.20.

Invesco S&P 500 Pure Growth ETF Stock Performance

The company has a 50-day moving average price of $42.57 and a 200-day moving average price of $39.78. The firm has a market capitalization of $1.96 billion, a P/E ratio of 2.66 and a beta of 1.05.

Institutional Trading of Invesco S&P 500 Pure Growth ETF

A number of hedge funds have recently modified their holdings of RPG. Mercer Global Advisors Inc. ADV grew its stake in 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 valued at $526,000 after acquiring an additional 755 shares during the period. SkyView Investment Advisors LLC grew its position in shares of Invesco S&P 500 Pure Growth ETF by 32.7% in the 2nd quarter. SkyView Investment Advisors LLC now owns 18,300 shares of the company’s stock valued at $682,000 after purchasing an additional 4,510 shares during the period. Gateway Wealth Partners LLC acquired a new position in shares of Invesco S&P 500 Pure Growth ETF in the 2nd quarter valued at approximately $300,000. SPC Financial Inc. increased its stake in Invesco S&P 500 Pure Growth ETF by 1.9% during the 2nd quarter. SPC Financial Inc. now owns 32,410 shares of the company’s stock worth $1,208,000 after purchasing an additional 600 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Invesco S&P 500 Pure Growth ETF in the second quarter valued at approximately $547,000.

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.