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

Shares of Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) saw strong trading volume on Tuesday . Approximately 688,737 shares were traded during trading, an increase of 42% from the previous session’s volume of 486,493 shares.The stock last traded at $58.49 and had previously closed at $60.50.

Invesco S&P 500 Pure Growth ETF Stock Performance

The stock’s 50-day moving average price is $59.19 and its two-hundred day moving average price is $52.67. The stock has a market capitalization of $2.17 billion, a PE ratio of 24.25 and a beta of 1.21.

Institutional Investors Weigh In On Invesco S&P 500 Pure Growth ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of RPG. International Assets Investment Management LLC purchased a new position in shares of Invesco S&P 500 Pure Growth ETF during the fourth quarter valued at approximately $29,000. Arax Advisory Partners purchased a new stake in shares of Invesco S&P 500 Pure Growth ETF in the 4th quarter worth approximately $39,000. Financial Life Planners bought a new position in Invesco S&P 500 Pure Growth ETF during the 1st quarter valued at approximately $44,000. Aventura Private Wealth LLC bought a new position in Invesco S&P 500 Pure Growth ETF during the 4th quarter valued at approximately $47,000. Finally, First Command Advisory Services Inc. purchased a new position in Invesco S&P 500 Pure Growth ETF during the fourth quarter valued at $54,000.

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. 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.