Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Sets New 52-Week High – What’s Next?

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $57.90 and last traded at $57.72, with a volume of 90215 shares. The stock had previously closed at $56.30.

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

The stock has a 50 day simple moving average of $50.75 and a 200 day simple moving average of $48.77. The stock has a market cap of $2.00 billion, a P/E ratio of 24.25 and a beta of 1.21.

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

A number of hedge funds have recently added to or reduced their stakes in RPG. Diversify Advisory Services LLC bought a new position in Invesco S&P 500 Pure Growth ETF during the 2nd quarter worth $471,000. Quantinno Capital Management LP bought a new position in Invesco S&P 500 Pure Growth ETF during the 2nd quarter worth $687,000. Orion Porfolio Solutions LLC bought a new position in shares of Invesco S&P 500 Pure Growth ETF in the 2nd quarter valued at $266,000. Truefg LLC bought a new position in shares of Invesco S&P 500 Pure Growth ETF in the 2nd quarter valued at $273,000. Finally, Corient Private Wealth LLC increased its stake in shares of Invesco S&P 500 Pure Growth ETF by 2.8% in the 2nd quarter. Corient Private Wealth LLC now owns 66,359 shares of the company’s stock valued at $3,037,000 after purchasing an additional 1,819 shares during the last quarter.

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. 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.