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

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $57.90 and last traded at $57.72, with a volume of 90215 shares traded. The stock had previously closed at $56.30.

Invesco S&P 500 Pure Growth ETF Stock Up 1.5%

The firm has a 50 day moving average price of $50.28 and a 200 day moving average price of $48.56. The stock has a market cap of $2.03 billion, a P/E ratio of 24.25 and a beta of 1.21.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco S&P 500 Pure Growth ETF by 2.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 9,607 shares of the company’s stock worth $448,000 after buying an additional 242 shares during the period. Lido Advisors LLC raised its stake in shares of Invesco S&P 500 Pure Growth ETF by 1.8% in the fourth quarter. Lido Advisors LLC now owns 13,546 shares of the company’s stock worth $646,000 after buying an additional 242 shares during the period. Ameritas Advisory Services LLC raised its stake in shares of Invesco S&P 500 Pure Growth ETF by 5.4% in the fourth quarter. Ameritas Advisory Services LLC now owns 4,890 shares of the company’s stock worth $228,000 after buying an additional 250 shares during the period. IFP Advisors Inc raised its stake in shares of Invesco S&P 500 Pure Growth ETF by 5.2% in the third quarter. IFP Advisors Inc now owns 6,140 shares of the company’s stock worth $293,000 after buying an additional 302 shares during the period. Finally, Lowe Brockenbrough & Co. Inc. raised its stake in Invesco S&P 500 Pure Growth ETF by 4.8% during the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 7,062 shares of the company’s stock valued at $330,000 after purchasing an additional 325 shares during the period.

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.