Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Sets New 1-Year High – Still a Buy?

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) shares reached a new 52-week high on Monday . The stock traded as high as $43.44 and last traded at $43.40, with a volume of 76394 shares. The stock had previously closed at $43.11.

Invesco S&P 500 Pure Growth ETF Stock Up 0.3 %

The business’s 50 day simple moving average is $40.81 and its two-hundred day simple moving average is $38.17. The stock has a market capitalization of $1.91 billion, a P/E ratio of 2.66 and a beta of 1.05.

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

Hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased a new position in Invesco S&P 500 Pure Growth ETF during the second quarter worth about $90,000. Matrix Trust Co bought a new position in shares of Invesco S&P 500 Pure Growth ETF during the 3rd quarter worth approximately $117,000. EP Wealth Advisors LLC bought a new stake in Invesco S&P 500 Pure Growth ETF during the third quarter worth $178,000. Cetera Advisors LLC purchased a new position in Invesco S&P 500 Pure Growth ETF in the first quarter worth $212,000. Finally, Benjamin Edwards Inc. bought a new stake in shares of Invesco S&P 500 Pure Growth ETF during the 3rd quarter worth $266,000.

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.