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

Shares of Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) saw unusually-high trading volume on Tuesday . Approximately 223,552 shares changed hands during mid-day trading, an increase of 55% from the previous session’s volume of 144,686 shares.The stock last traded at $48.89 and had previously closed at $49.39.

Invesco S&P 500 Pure Growth ETF Stock Performance

The business’s 50-day moving average price is $48.22 and its 200-day moving average price is $47.36. The stock has a market cap of $1.64 billion, a P/E ratio of 24.25 and a beta of 1.16.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RPG. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco S&P 500 Pure Growth ETF by 2.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,607 shares of the company’s stock worth $448,000 after acquiring an additional 242 shares in the last quarter. Lido Advisors LLC lifted its holdings in Invesco S&P 500 Pure Growth ETF by 1.8% during the fourth quarter. Lido Advisors LLC now owns 13,546 shares of the company’s stock valued at $646,000 after purchasing an additional 242 shares in the last quarter. Ameritas Advisory Services LLC boosted its position in shares of Invesco S&P 500 Pure Growth ETF by 5.4% in the fourth quarter. Ameritas Advisory Services LLC now owns 4,890 shares of the company’s stock worth $228,000 after purchasing an additional 250 shares during the period. IFP Advisors Inc increased its stake in shares of Invesco S&P 500 Pure Growth ETF by 5.2% in the third quarter. IFP Advisors Inc now owns 6,140 shares of the company’s stock worth $293,000 after purchasing an additional 302 shares in the last quarter. Finally, Lowe Brockenbrough & Co. Inc. increased its stake in shares of Invesco S&P 500 Pure Growth ETF by 4.8% in the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 7,062 shares of the company’s stock worth $330,000 after purchasing an additional 325 shares in 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.