Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Sees Unusually-High Trading Volume – Here’s What Happened

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) shares saw strong trading volume on Monday . 1,030,318 shares changed hands during mid-day trading, an increase of 135% from the previous session’s volume of 438,694 shares.The stock last traded at $42.06 and had previously closed at $42.56.

Invesco S&P 500 Pure Growth ETF Trading Up 1.7 %

The business’s 50-day simple moving average is $43.05 and its two-hundred day simple moving average is $41.05. The company has a market capitalization of $1.73 billion, a PE ratio of 25.30 and a beta of 1.15.

Hedge Funds Weigh In On Invesco S&P 500 Pure Growth ETF

Institutional investors have recently made changes to their positions in the business. LPL Financial LLC grew its position in shares of Invesco S&P 500 Pure Growth ETF by 0.5% during the fourth quarter. LPL Financial LLC now owns 1,094,473 shares of the company’s stock worth $45,158,000 after buying an additional 5,336 shares in the last quarter. Bank of America Corp DE boosted its stake in Invesco S&P 500 Pure Growth ETF by 3.2% during the 4th quarter. Bank of America Corp DE now owns 975,456 shares of the company’s stock valued at $40,247,000 after acquiring an additional 29,851 shares during the last quarter. HighTower Advisors LLC boosted its stake in Invesco S&P 500 Pure Growth ETF by 1.1% during the 4th quarter. HighTower Advisors LLC now owns 683,614 shares of the company’s stock valued at $28,206,000 after acquiring an additional 7,637 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Invesco S&P 500 Pure Growth ETF during the 4th quarter worth $25,957,000. Finally, One Capital Management LLC bought a new stake in shares of Invesco S&P 500 Pure Growth ETF in the 4th quarter worth about $21,178,000.

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.