Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Sets New 52-Week High – Time to Buy?

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPGGet Free Report)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $63.79 and last traded at $63.77, with a volume of 249857 shares. The stock had previously closed at $62.45.

Invesco S&P 500 Pure Growth ETF Stock Performance

The company has a market cap of $2.22 billion, a P/E ratio of 24.25 and a beta of 1.22. The firm has a 50 day moving average price of $58.24 and a 200-day moving average price of $51.99.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RPG. International Assets Investment Management LLC bought a new stake in shares of Invesco S&P 500 Pure Growth ETF during the 4th quarter worth $29,000. Arax Advisory Partners acquired a new position in Invesco S&P 500 Pure Growth ETF during the 4th quarter worth $39,000. Financial Life Planners acquired a new position in Invesco S&P 500 Pure Growth ETF during the 3rd quarter worth $45,000. Aventura Private Wealth LLC bought a new stake in Invesco S&P 500 Pure Growth ETF during the fourth quarter valued at about $47,000. Finally, First Command Advisory Services Inc. bought a new stake in Invesco S&P 500 Pure Growth ETF during the fourth quarter valued at about $54,000.

Invesco S&P 500 Pure Growth ETF Company Profile

(Get Free Report)

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.

Read More

Receive News & Ratings for Invesco S&P 500 Pure Growth ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 Pure Growth ETF and related companies with MarketBeat.com's FREE daily email newsletter.