Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Sees Large Volume Increase – Time to Buy?

Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) shares saw an uptick in trading volume on Friday . 328,838 shares traded hands during trading, an increase of 30% from the previous session’s volume of 253,666 shares.The stock last traded at $47.63 and had previously closed at $48.60.

Invesco S&P 500 Pure Growth ETF Price Performance

The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 24.25 and a beta of 1.16. The business’s 50-day moving average price is $48.98 and its two-hundred day moving average price is $47.75.

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

A number of hedge funds have recently bought and sold shares of RPG. JPMorgan Chase & Co. raised its holdings in shares of Invesco S&P 500 Pure Growth ETF by 64.0% in the second quarter. JPMorgan Chase & Co. now owns 347,785 shares of the company’s stock valued at $15,918,000 after purchasing an additional 135,771 shares during the last quarter. Tableaux LLC purchased a new position in Invesco S&P 500 Pure Growth ETF during the second quarter worth about $2,585,000. J.W. Cole Advisors Inc. grew its position in Invesco S&P 500 Pure Growth ETF by 143.7% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 27,632 shares of the company’s stock worth $1,265,000 after purchasing an additional 16,292 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Invesco S&P 500 Pure Growth ETF by 23.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,359 shares of the company’s stock valued at $383,000 after buying an additional 1,604 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in Invesco S&P 500 Pure Growth ETF in the 2nd quarter valued at about $10,586,000.

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.