10,783 Shares of Invesco S&P MidCap 400 Pure Growth ETF $RFG Purchased by Sowell Financial Services LLC

Sowell Financial Services LLC bought a new position in Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 10,783 shares of the company’s stock, valued at approximately $638,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in RFG. Goelzer Investment Management Inc. purchased a new position in Invesco S&P MidCap 400 Pure Growth ETF during the third quarter valued at $208,000. Vista Investment Partners LLC grew its position in shares of Invesco S&P MidCap 400 Pure Growth ETF by 16.6% in the 3rd quarter. Vista Investment Partners LLC now owns 13,837 shares of the company’s stock worth $818,000 after buying an additional 1,967 shares during the period. Toth Financial Advisory Corp bought a new position in shares of Invesco S&P MidCap 400 Pure Growth ETF in the 3rd quarter worth about $44,000. Horizons Wealth Management bought a new position in shares of Invesco S&P MidCap 400 Pure Growth ETF in the 3rd quarter worth about $77,000. Finally, NewEdge Advisors LLC lifted its position in Invesco S&P MidCap 400 Pure Growth ETF by 4,516.2% during the 2nd quarter. NewEdge Advisors LLC now owns 30,005 shares of the company’s stock valued at $1,936,000 after acquiring an additional 29,355 shares during the period.

Invesco S&P MidCap 400 Pure Growth ETF Stock Performance

RFG stock opened at $56.48 on Tuesday. The firm has a 50 day moving average price of $59.26 and a 200-day moving average price of $59.51. Invesco S&P MidCap 400 Pure Growth ETF has a 52-week low of $49.50 and a 52-week high of $64.81. The firm has a market capitalization of $313.46 million, a price-to-earnings ratio of 20.52 and a beta of 1.13.

Invesco S&P MidCap 400 Pure Growth ETF Profile

Rydex S&P MidCap 400 Pure Growth ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P MidCap 400 Pure Growth Index (the Index). The Index is narrow in focus, containing only those S&P MidCap 400 companies with strong growth characteristics as selected by S&P. 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.