Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Reaches New 1-Year High – Here’s What Happened

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) shares hit a new 52-week high during trading on Monday . The stock traded as high as $63.56 and last traded at $63.39, with a volume of 13348 shares. The stock had previously closed at $62.75.

Invesco S&P 500 Pure Growth ETF Trading Up 0.8%

The business’s fifty day moving average price is $57.04 and its two-hundred day moving average price is $51.33. The firm has a market cap of $2.20 billion, a P/E ratio of 24.25 and a beta of 1.22.

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

Several institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE boosted its stake in shares of Invesco S&P 500 Pure Growth ETF by 0.8% during the 3rd quarter. Bank of America Corp DE now owns 938,500 shares of the company’s stock worth $44,785,000 after acquiring an additional 7,423 shares in the last quarter. Raymond James Financial Inc. raised its stake 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 in the last quarter. UBS Group AG lifted its holdings in 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 worth $25,785,000 after purchasing an additional 113,711 shares during the last quarter. Royal Bank of Canada lifted its holdings in Invesco S&P 500 Pure Growth ETF by 3.1% in the 1st quarter. Royal Bank of Canada now owns 337,816 shares of the company’s stock worth $15,790,000 after purchasing an additional 10,262 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Invesco S&P 500 Pure Growth ETF by 13.4% in the 4th quarter. JPMorgan Chase & Co. now owns 326,936 shares of the company’s stock worth $15,260,000 after purchasing an additional 38,527 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.