Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Sets New 1-Year High – Still a Buy?

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) reached a new 52-week high during trading on Monday . The company traded as high as $43.44 and last traded at $43.40, with a volume of 76394 shares trading hands. The stock had previously closed at $43.11.

Invesco S&P 500 Pure Growth ETF Stock Up 0.3 %

The stock has a 50 day moving average of $40.81 and a 200 day moving average of $38.17. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 2.66 and a beta of 1.05.

Institutional Trading of Invesco S&P 500 Pure Growth ETF

A number of institutional investors have recently bought and sold shares of RPG. International Assets Investment Management LLC bought a new stake in Invesco S&P 500 Pure Growth ETF in the second quarter valued at $90,000. Matrix Trust Co bought a new stake in Invesco S&P 500 Pure Growth ETF in the 3rd quarter valued at about $117,000. EP Wealth Advisors LLC acquired a new position in Invesco S&P 500 Pure Growth ETF during the 3rd quarter worth approximately $178,000. Cetera Advisors LLC bought a new position in Invesco S&P 500 Pure Growth ETF in the first quarter worth approximately $212,000. Finally, Benjamin Edwards Inc. acquired a new stake in Invesco S&P 500 Pure Growth ETF in the third quarter valued at approximately $266,000.

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.