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 share price reached a new 52-week high during trading on Monday . The stock traded as high as $63.56 and last traded at $63.39, with a volume of 13348 shares changing hands. The stock had previously closed at $62.75.

Invesco S&P 500 Pure Growth ETF Stock Up 0.8%

The stock’s 50 day moving average price is $57.04 and its two-hundred day moving average price is $51.33. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 24.25 and a beta of 1.22.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in shares of Invesco S&P 500 Pure Growth ETF during the 4th quarter valued at about $29,000. Arax Advisory Partners acquired a new position in Invesco S&P 500 Pure Growth ETF in the fourth quarter worth approximately $39,000. Financial Life Planners acquired a new position in Invesco S&P 500 Pure Growth ETF in the third quarter worth approximately $45,000. Aventura Private Wealth LLC bought a new position in Invesco S&P 500 Pure Growth ETF during the fourth quarter valued at approximately $47,000. Finally, First Command Advisory Services Inc. bought a new position in Invesco S&P 500 Pure Growth ETF during the fourth quarter valued at approximately $54,000.

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.