Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Reaches New 52-Week High – Here’s Why

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $57.90 and last traded at $57.72, with a volume of 90215 shares traded. The stock had previously closed at $56.30.

Invesco S&P 500 Pure Growth ETF Stock Performance

The stock has a market cap of $2.03 billion, a PE ratio of 24.25 and a beta of 1.21. The firm has a 50-day moving average price of $50.28 and a 200-day moving average price of $48.56.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Advisortrust Partners LLC purchased a new position in Invesco S&P 500 Pure Growth ETF in the first quarter worth about $117,000. IMC Chicago LLC purchased a new position in Invesco S&P 500 Pure Growth ETF in the first quarter worth about $456,000. Sanctuary Advisors LLC boosted its position in Invesco S&P 500 Pure Growth ETF by 24.4% in the first quarter. Sanctuary Advisors LLC now owns 118,904 shares of the company’s stock worth $5,558,000 after purchasing an additional 23,300 shares during the last quarter. Del Sette Capital Management LLC purchased a new position in Invesco S&P 500 Pure Growth ETF in the first quarter worth about $1,553,000. Finally, International Assets Investment Management LLC boosted its position in Invesco S&P 500 Pure Growth ETF by 79.7% in the first quarter. International Assets Investment Management LLC now owns 1,125 shares of the company’s stock worth $54,000 after purchasing an additional 499 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. 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.