Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG – Get Free Report) shares saw unusually-high trading volume on Thursday . 412,429 shares traded hands during mid-day trading, a decline of 16% from the previous session’s volume of 491,874 shares.The stock last traded at $57.88 and had previously closed at $58.89.
Invesco S&P 500 Pure Growth ETF Trading Down 2.8%
The company has a 50-day moving average of $59.69 and a 200-day moving average of $53.09. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 24.25 and a beta of 1.21.
Hedge Funds Weigh In On Invesco S&P 500 Pure Growth ETF
Hedge funds have recently modified their holdings of the stock. Global View Capital Management LLC acquired a new stake in shares of Invesco S&P 500 Pure Growth ETF during the second quarter worth $9,291,000. Trinity Wealth Management LLC acquired a new position in shares of Invesco S&P 500 Pure Growth ETF in the 1st quarter valued at $6,687,000. Private Advisor Group LLC increased its position in shares of Invesco S&P 500 Pure Growth ETF by 195.9% in the 1st quarter. Private Advisor Group LLC now owns 209,714 shares of the company’s stock valued at $9,802,000 after acquiring an additional 138,834 shares during the period. One Capital Management LLC purchased a new position in Invesco S&P 500 Pure Growth ETF in the 3rd quarter worth $5,579,000. Finally, Summit Wealth Group LLC Co. purchased a new position in Invesco S&P 500 Pure Growth ETF in the 4th quarter worth $5,368,000.
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. 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.
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