Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Sees Large Volume Increase – Should You Buy?

Shares of Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) saw unusually-strong trading volume on Monday . Approximately 404,569 shares changed hands during mid-day trading, an increase of 38% from the previous session’s volume of 292,605 shares.The stock last traded at $45.34 and had previously closed at $45.71.

Invesco S&P 500 Pure Growth ETF Stock Performance

The company has a market capitalization of $1.56 billion, a P/E ratio of 24.25 and a beta of 1.16. The company’s fifty day simple moving average is $48.71 and its 200-day simple moving average is $47.73.

Hedge Funds Weigh In On Invesco S&P 500 Pure Growth ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE raised its stake in Invesco S&P 500 Pure Growth ETF by 0.8% in the third quarter. Bank of America Corp DE now owns 938,500 shares of the company’s stock worth $44,785,000 after buying an additional 7,423 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of Invesco S&P 500 Pure Growth ETF by 1.9% in the 3rd quarter. Raymond James Financial Inc. now owns 662,814 shares of the company’s stock valued at $31,629,000 after acquiring an additional 12,250 shares during the period. UBS Group AG increased its holdings in shares of Invesco S&P 500 Pure Growth ETF by 25.9% in the 4th quarter. UBS Group AG now owns 552,437 shares of the company’s stock valued at $25,785,000 after acquiring an additional 113,711 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Invesco S&P 500 Pure Growth ETF by 7.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 361,454 shares of the company’s stock worth $17,249,000 after acquiring an additional 25,208 shares in the last quarter. Finally, Gimbal Financial lifted its stake in shares of Invesco S&P 500 Pure Growth ETF by 1.8% during the 3rd quarter. Gimbal Financial now owns 355,997 shares of the company’s stock worth $16,988,000 after purchasing an additional 6,232 shares during the last quarter.

About Invesco S&P 500 Pure Growth ETF

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.