Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Hits New 12-Month High – Should You Buy?

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $58.88 and last traded at $58.88, with a volume of 12136 shares trading hands. The stock had previously closed at $57.64.

Invesco S&P 500 Pure Growth ETF Price Performance

The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 24.25 and a beta of 1.21. The stock’s 50 day simple moving average is $52.28 and its 200-day simple moving average is $49.37.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC grew its holdings in shares of Invesco S&P 500 Pure Growth ETF by 10.4% in the 3rd quarter. Private Advisor Group LLC now owns 245,107 shares of the company’s stock worth $11,697,000 after purchasing an additional 23,104 shares during the last quarter. Centaurus Financial Inc. acquired a new position in Invesco S&P 500 Pure Growth ETF during the 3rd quarter worth about $1,332,000. Private Advisory Group LLC acquired a new position in Invesco S&P 500 Pure Growth ETF during the 3rd quarter worth about $1,276,000. May Hill Capital LLC lifted its position in Invesco S&P 500 Pure Growth ETF by 100.0% during the 4th quarter. May Hill Capital LLC now owns 20,800 shares of the company’s stock valued at $971,000 after purchasing an additional 10,400 shares during the period. Finally, J.W. Cole Advisors Inc. lifted its position in Invesco S&P 500 Pure Growth ETF by 67.9% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 46,383 shares of the company’s stock valued at $2,213,000 after purchasing an additional 18,751 shares during the period.

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.