Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Sees Strong Trading Volume – Should You Buy?

Shares of Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) saw an uptick in trading volume on Monday . 339,247 shares were traded during trading, an increase of 102% from the previous session’s volume of 168,152 shares.The stock last traded at $49.5530 and had previously closed at $49.83.

Invesco S&P 500 Pure Growth ETF Stock Performance

The company has a market capitalization of $1.65 billion, a P/E ratio of 24.25 and a beta of 1.16. The company has a 50-day simple moving average of $48.76 and a 200 day simple moving average of $47.57.

Institutional Trading of Invesco S&P 500 Pure Growth ETF

Hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC acquired a new stake in Invesco S&P 500 Pure Growth ETF during the second quarter worth about $10,586,000. Global View Capital Management LLC bought a new stake in shares of Invesco S&P 500 Pure Growth ETF during the second quarter valued at approximately $9,291,000. JPMorgan Chase & Co. raised its stake in shares of Invesco S&P 500 Pure Growth ETF by 64.0% in the second quarter. JPMorgan Chase & Co. now owns 347,785 shares of the company’s stock valued at $15,918,000 after purchasing an additional 135,771 shares in the last quarter. One Capital Management LLC acquired a new position in shares of Invesco S&P 500 Pure Growth ETF in the third quarter valued at $5,579,000. Finally, Summit Wealth Group LLC Co. bought a new position in Invesco S&P 500 Pure Growth ETF in the fourth quarter worth $5,368,000.

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.