Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Hits New 1-Year High at $39.38

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $39.38 and last traded at $39.30, with a volume of 34637 shares trading hands. The stock had previously closed at $39.29.

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

The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 2.66 and a beta of 1.05. The firm’s 50 day simple moving average is $36.82 and its 200-day simple moving average is $36.39.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Condor Capital Management raised its position in Invesco S&P 500 Pure Growth ETF by 5.3% during the fourth quarter. Condor Capital Management now owns 17,262 shares of the company’s stock worth $557,000 after acquiring an additional 865 shares during the last quarter. LPL Financial LLC lifted its stake in Invesco S&P 500 Pure Growth ETF by 5.8% in the 2nd quarter. LPL Financial LLC now owns 1,160,244 shares of the company’s stock valued at $43,231,000 after buying an additional 63,101 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Invesco S&P 500 Pure Growth ETF by 1.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 161,835 shares of the company’s stock valued at $5,221,000 after buying an additional 1,641 shares during the last quarter. Scarborough Advisors LLC purchased a new position in Invesco S&P 500 Pure Growth ETF during the fourth quarter worth $128,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Invesco S&P 500 Pure Growth ETF in the first quarter worth $712,000.

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.