Trinity Wealth Management LLC Takes $6.69 Million Position in Invesco S&P 500 Pure Growth ETF $RPG

Trinity Wealth Management LLC bought a new position in shares of Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) in the 1st quarter, HoldingsChannel reports. The fund bought 143,060 shares of the company’s stock, valued at approximately $6,687,000. Invesco S&P 500 Pure Growth ETF comprises approximately 2.5% of Trinity Wealth Management LLC’s investment portfolio, making the stock its 12th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bank of America Corp DE lifted its position in Invesco S&P 500 Pure Growth ETF by 0.8% in the 3rd quarter. Bank of America Corp DE now owns 938,500 shares of the company’s stock valued at $44,785,000 after acquiring an additional 7,423 shares in the last quarter. Raymond James Financial Inc. boosted its stake in Invesco S&P 500 Pure Growth ETF by 1.9% during the 3rd quarter. Raymond James Financial Inc. now owns 662,814 shares of the company’s stock valued at $31,629,000 after purchasing an additional 12,250 shares during the last quarter. UBS Group AG increased its holdings in Invesco S&P 500 Pure Growth ETF by 25.9% during the 4th quarter. UBS Group AG now owns 552,437 shares of the company’s stock worth $25,785,000 after purchasing an additional 113,711 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Invesco S&P 500 Pure Growth ETF by 13.4% during the 4th quarter. JPMorgan Chase & Co. now owns 326,936 shares of the company’s stock worth $15,260,000 after purchasing an additional 38,527 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its stake in shares of Invesco S&P 500 Pure Growth ETF by 6.0% in the fourth quarter. Arkadios Wealth Advisors now owns 255,476 shares of the company’s stock worth $11,924,000 after purchasing an additional 14,465 shares during the last quarter.

Invesco S&P 500 Pure Growth ETF Stock Down 4.6%

RPG stock opened at $60.78 on Wednesday. Invesco S&P 500 Pure Growth ETF has a twelve month low of $43.41 and a twelve month high of $63.72. The stock’s 50 day moving average is $57.48 and its 200-day moving average is $51.56. The firm has a market capitalization of $2.12 billion, a PE ratio of 24.25 and a beta of 1.22.

Invesco S&P 500 Pure Growth ETF 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.