Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Hits New 1-Year High – What’s Next?

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) shares reached a new 52-week high on Wednesday . The company traded as high as $44.50 and last traded at $44.45, with a volume of 107 shares changing hands. The stock had previously closed at $44.20.

Invesco S&P 500 Pure Growth ETF Price Performance

The firm’s fifty day moving average is $42.57 and its two-hundred day moving average is $39.78. The firm has a market capitalization of $1.96 billion, a PE ratio of 2.66 and a beta of 1.05.

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

Institutional investors have recently modified their holdings of the business. BNP Paribas Financial Markets raised its position in Invesco S&P 500 Pure Growth ETF by 145.0% in the third quarter. BNP Paribas Financial Markets now owns 262,112 shares of the company’s stock worth $10,293,000 after acquiring an additional 155,112 shares during the period. EWG Elevate Inc. bought a new position in Invesco S&P 500 Pure Growth ETF during the fourth quarter valued at $3,829,000. Jane Street Group LLC grew its holdings in Invesco S&P 500 Pure Growth ETF by 762.7% during the third quarter. Jane Street Group LLC now owns 76,356 shares of the company’s stock valued at $2,998,000 after purchasing an additional 67,505 shares during the period. Matrix Trust Co increased its position in Invesco S&P 500 Pure Growth ETF by 557.3% in the fourth quarter. Matrix Trust Co now owns 19,601 shares of the company’s stock worth $809,000 after buying an additional 16,619 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Invesco S&P 500 Pure Growth ETF during the 2nd quarter worth $547,000.

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.