Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Sets New 52-Week High – Should You Buy?

Shares of Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) reached a new 52-week high during trading on Monday . The stock traded as high as $43.44 and last traded at $43.40, with a volume of 76394 shares. The stock had previously closed at $43.11.

Invesco S&P 500 Pure Growth ETF Trading Up 1.2 %

The company has a market cap of $1.94 billion, a PE ratio of 2.66 and a beta of 1.05. The company’s 50 day moving average is $40.98 and its 200 day moving average is $38.27.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased a new position in Invesco S&P 500 Pure Growth ETF during the 2nd quarter valued at about $90,000. Matrix Trust Co purchased a new position in Invesco S&P 500 Pure Growth ETF during the 3rd quarter valued at about $117,000. EP Wealth Advisors LLC purchased a new position in Invesco S&P 500 Pure Growth ETF during the 3rd quarter valued at about $178,000. Cetera Advisors LLC purchased a new position in Invesco S&P 500 Pure Growth ETF during the 1st quarter valued at about $212,000. Finally, Benjamin Edwards Inc. purchased a new position in Invesco S&P 500 Pure Growth ETF during the 3rd quarter valued at about $266,000.

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.