Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) Shares Down 1.2% – Here’s What Happened

Shares of Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) fell 1.2% on Tuesday . The stock traded as low as $59.65 and last traded at $59.69. Approximately 1,700 shares traded hands during trading, a decline of 83% from the average session volume of 9,768 shares. The stock had previously closed at $60.44.

Invesco S&P MidCap 400 Pure Growth ETF Trading Down 1.2%

The company has a market capitalization of $339.04 million, a PE ratio of 20.52 and a beta of 1.12. The business has a fifty day moving average of $61.75 and a 200 day moving average of $60.16.

Institutional Investors Weigh In On Invesco S&P MidCap 400 Pure Growth ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp boosted its holdings in Invesco S&P MidCap 400 Pure Growth ETF by 144.3% in the first quarter. Jones Financial Companies Lllp now owns 5,302 shares of the company’s stock valued at $232,000 after purchasing an additional 3,132 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Invesco S&P MidCap 400 Pure Growth ETF by 8.5% during the 2nd quarter. Raymond James Financial Inc. now owns 24,635 shares of the company’s stock worth $1,201,000 after buying an additional 1,921 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Invesco S&P MidCap 400 Pure Growth ETF by 14.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,566 shares of the company’s stock valued at $320,000 after buying an additional 809 shares during the last quarter. Bank of America Corp DE raised its stake in Invesco S&P MidCap 400 Pure Growth ETF by 1.0% during the 2nd quarter. Bank of America Corp DE now owns 55,788 shares of the company’s stock worth $2,720,000 after acquiring an additional 537 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Invesco S&P MidCap 400 Pure Growth ETF by 1,556.6% in the third quarter. PNC Financial Services Group Inc. now owns 878 shares of the company’s stock valued at $45,000 after acquiring an additional 825 shares during the last quarter.

Invesco S&P MidCap 400 Pure Growth ETF Company Profile

Rydex S&P MidCap 400 Pure Growth ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P MidCap 400 Pure Growth Index (the Index). The Index is narrow in focus, containing only those S&P MidCap 400 companies with strong growth characteristics as selected by S&P. 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.