Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Hits New 52-Week High – Time to Buy?

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $63.79 and last traded at $63.77, with a volume of 249857 shares changing hands. The stock had previously closed at $62.45.

Invesco S&P 500 Pure Growth ETF Trading Up 2.1%

The firm has a market cap of $2.22 billion, a PE ratio of 24.25 and a beta of 1.22. The company has a 50 day moving average price of $58.24 and a 200 day moving average price of $51.99.

Institutional Investors Weigh In On Invesco S&P 500 Pure Growth ETF

Several hedge funds have recently modified their holdings of RPG. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco S&P 500 Pure Growth ETF by 2.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 9,607 shares of the company’s stock worth $448,000 after buying an additional 242 shares during the last quarter. Lido Advisors LLC grew its position in Invesco S&P 500 Pure Growth ETF by 1.8% in the fourth quarter. Lido Advisors LLC now owns 13,546 shares of the company’s stock worth $646,000 after acquiring an additional 242 shares in the last quarter. Ameritas Advisory Services LLC increased its stake in shares of Invesco S&P 500 Pure Growth ETF by 5.4% during the 4th 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 last quarter. IFP Advisors Inc lifted its stake in shares of 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 valued at $293,000 after purchasing an additional 302 shares during the last quarter. Finally, Lowe Brockenbrough & Co. Inc. boosted its holdings in 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.

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.