Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Reaches New 52-Week High – Here’s What Happened

Shares of Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) hit a new 52-week high on Friday . The stock traded as high as $45.04 and last traded at $44.96, with a volume of 41325 shares trading hands. The stock had previously closed at $44.50.

Invesco S&P 500 Pure Growth ETF Stock Performance

The company has a market capitalization of $1.97 billion, a PE ratio of 2.66 and a beta of 1.05. The company has a 50 day moving average price of $42.90 and a 200 day moving average price of $40.22.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Financial Life Planners acquired a new position in Invesco S&P 500 Pure Growth ETF during the fourth quarter worth $39,000. Matrix Trust Co bought a new stake in shares of Invesco S&P 500 Pure Growth ETF in the 3rd quarter valued at approximately $117,000. EP Wealth Advisors LLC bought a new position in shares of Invesco S&P 500 Pure Growth ETF in the third quarter valued at approximately $178,000. Leisure Capital Management bought a new position in shares of Invesco S&P 500 Pure Growth ETF in the fourth quarter worth about $206,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in shares of Invesco S&P 500 Pure Growth ETF during the fourth quarter worth approximately $210,000.

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.