Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Sees Unusually-High Trading Volume – Should You Buy?

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) shares saw unusually-high trading volume on Monday . Approximately 911,676 shares traded hands during mid-day trading, an increase of 141% from the previous session’s volume of 378,934 shares.The stock last traded at $43.53 and had previously closed at $43.70.

Invesco S&P 500 Pure Growth ETF Stock Down 0.8 %

The firm has a 50-day simple moving average of $42.82 and a 200 day simple moving average of $40.07. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 2.66 and a beta of 1.05.

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

Several institutional investors have recently bought and sold shares of the company. Financial Life Planners acquired a new position in shares of Invesco S&P 500 Pure Growth ETF during the 4th quarter worth $39,000. Matrix Trust Co acquired a new stake in shares of Invesco S&P 500 Pure Growth ETF in the 3rd quarter worth approximately $117,000. EP Wealth Advisors LLC purchased a new position in Invesco S&P 500 Pure Growth ETF in the 3rd quarter valued at approximately $178,000. Leisure Capital Management acquired a new position in Invesco S&P 500 Pure Growth ETF during the fourth quarter worth $206,000. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in Invesco S&P 500 Pure Growth ETF during the fourth quarter worth $210,000.

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.