Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Sees Large Volume Increase – What’s Next?

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) shares saw unusually-high trading volume on Monday . Approximately 339,247 shares were traded during trading, an increase of 102% from the previous session’s volume of 168,152 shares.The stock last traded at $49.5530 and had previously closed at $49.83.

Invesco S&P 500 Pure Growth ETF Trading Up 1.5%

The stock has a 50-day moving average price of $48.81 and a two-hundred day moving average price of $47.61. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 24.25 and a beta of 1.16.

Institutional Trading of Invesco S&P 500 Pure Growth ETF

Institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. increased its stake in Invesco S&P 500 Pure Growth ETF by 2.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,607 shares of the company’s stock valued at $448,000 after purchasing an additional 242 shares in the last quarter. Lido Advisors LLC grew its holdings in shares of 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 buying an additional 242 shares during the last quarter. Ameritas Advisory Services LLC increased its position in shares of Invesco S&P 500 Pure Growth ETF by 5.4% in the 4th quarter. Ameritas Advisory Services LLC now owns 4,890 shares of the company’s stock valued at $228,000 after acquiring an additional 250 shares during the period. IFP Advisors Inc raised its stake in Invesco S&P 500 Pure Growth ETF by 5.2% in the 3rd quarter. IFP Advisors Inc now owns 6,140 shares of the company’s stock worth $293,000 after acquiring an additional 302 shares during the last quarter. Finally, Lowe Brockenbrough & Co. Inc. lifted its position in Invesco S&P 500 Pure Growth ETF by 4.8% during the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 7,062 shares of the company’s stock worth $330,000 after acquiring an additional 325 shares during the period.

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.