Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Hits New 12-Month High – Time to Buy?

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $58.88 and last traded at $58.88, with a volume of 12136 shares changing hands. The stock had previously closed at $57.64.

Invesco S&P 500 Pure Growth ETF Trading Down 0.4%

The firm has a market cap of $2.05 billion, a P/E ratio of 24.25 and a beta of 1.21. The firm has a 50-day simple moving average of $52.73 and a 200-day simple moving average of $49.55.

Institutional Trading of Invesco S&P 500 Pure Growth ETF

Several hedge funds and other institutional investors have recently bought and sold shares of RPG. Bank of America Corp DE boosted its position in shares of 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 worth $44,785,000 after purchasing an additional 7,423 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Invesco S&P 500 Pure Growth ETF by 1.9% in the 3rd quarter. Raymond James Financial Inc. now owns 662,814 shares of the company’s stock worth $31,629,000 after purchasing an additional 12,250 shares in the last quarter. UBS Group AG boosted its position in shares of Invesco S&P 500 Pure Growth ETF by 25.9% in 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. Gimbal Financial boosted its position in shares of Invesco S&P 500 Pure Growth ETF by 1.8% in the 3rd quarter. Gimbal Financial now owns 355,997 shares of the company’s stock worth $16,988,000 after purchasing an additional 6,232 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in Invesco S&P 500 Pure Growth ETF by 3.1% in the 1st quarter. Royal Bank of Canada now owns 337,816 shares of the company’s stock worth $15,790,000 after acquiring an additional 10,262 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.