Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) Trading 0.2% Higher – Here’s What Happened

Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) traded up 0.2% during trading on Wednesday . The stock traded as high as $59.20 and last traded at $58.97. 70,557 shares changed hands during mid-day trading, an increase of 454% from the average session volume of 12,725 shares. The stock had previously closed at $58.86.

Invesco S&P MidCap 400 Pure Growth ETF Stock Performance

The firm has a fifty day simple moving average of $56.56 and a 200-day simple moving average of $54.14. The firm has a market cap of $327.28 million, a price-to-earnings ratio of 20.52 and a beta of 1.13.

Institutional Investors Weigh In On Invesco S&P MidCap 400 Pure Growth ETF

Hedge funds have recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. acquired a new stake in Invesco S&P MidCap 400 Pure Growth ETF during the 2nd quarter valued at $790,000. KPP Advisory Services LLC lifted its holdings in Invesco S&P MidCap 400 Pure Growth ETF by 1.7% during the 4th quarter. KPP Advisory Services LLC now owns 30,585 shares of the company’s stock valued at $1,604,000 after purchasing an additional 515 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Invesco S&P MidCap 400 Pure Growth ETF during the 4th quarter valued at $204,000. Wealth Enhancement Advisory Services LLC increased its position in Invesco S&P MidCap 400 Pure Growth ETF by 2.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,405 shares of the company’s stock worth $575,000 after buying an additional 263 shares during the period. Finally, Wealthcare Advisory Partners LLC bought a new position in Invesco S&P MidCap 400 Pure Growth ETF during the 3rd quarter worth $201,000.

About Invesco S&P MidCap 400 Pure Growth ETF

Rydex S&P MidCap 400 Pure Growth ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P MidCap 400 Pure Growth Index (the Index). The Index is narrow in focus, containing only those S&P MidCap 400 companies with strong growth characteristics as selected by S&P. 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.