Invesco S&P 500 Pure Growth ETF $RPG Shares Sold by Cutler Investment Counsel LLC

Cutler Investment Counsel LLC reduced its stake in Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) by 5.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 231,765 shares of the company’s stock after selling 12,466 shares during the period. Invesco S&P 500 Pure Growth ETF makes up 1.2% of Cutler Investment Counsel LLC’s investment portfolio, making the stock its 26th largest position. Cutler Investment Counsel LLC’s holdings in Invesco S&P 500 Pure Growth ETF were worth $11,060,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mather Group LLC. acquired a new position in shares of Invesco S&P 500 Pure Growth ETF in the 3rd quarter valued at $29,000. Hantz Financial Services Inc. acquired a new stake in Invesco S&P 500 Pure Growth ETF during the 2nd quarter worth $50,000. AE Wealth Management LLC lifted its position in Invesco S&P 500 Pure Growth ETF by 40.9% in the second quarter. AE Wealth Management LLC now owns 3,367 shares of the company’s stock valued at $154,000 after acquiring an additional 978 shares during the last quarter. Octavia Wealth Advisors LLC purchased a new stake in Invesco S&P 500 Pure Growth ETF in the third quarter valued at $200,000. Finally, Accredited Investors Inc. acquired a new position in Invesco S&P 500 Pure Growth ETF in the third quarter valued at $201,000.

Invesco S&P 500 Pure Growth ETF Stock Performance

RPG opened at $48.81 on Friday. Invesco S&P 500 Pure Growth ETF has a one year low of $32.16 and a one year high of $50.11. The stock has a market capitalization of $1.63 billion, a P/E ratio of 24.25 and a beta of 1.16. The business’s 50-day simple moving average is $47.58 and its 200-day simple moving average is $47.20.

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. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowings for investment purposes, in the equity securities (and derivatives thereof) included in the Index.