Marshall Investment Management LLC Makes New Investment in Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG)

Marshall Investment Management LLC acquired a new stake in Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 98,166 shares of the company’s stock, valued at approximately $4,827,000. Invesco S&P MidCap 400 Pure Growth ETF comprises approximately 2.8% of Marshall Investment Management LLC’s investment portfolio, making the stock its 15th largest holding. Marshall Investment Management LLC owned about 1.37% of Invesco S&P MidCap 400 Pure Growth ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. FMR LLC raised its holdings in shares of Invesco S&P MidCap 400 Pure Growth ETF by 8.5% in the third quarter. FMR LLC now owns 6,992 shares of the company’s stock valued at $344,000 after purchasing an additional 545 shares during the last quarter. Merit Financial Group LLC raised its holdings in shares of Invesco S&P MidCap 400 Pure Growth ETF by 14.5% in the fourth quarter. Merit Financial Group LLC now owns 6,878 shares of the company’s stock valued at $333,000 after purchasing an additional 871 shares during the last quarter. Ameritas Advisory Services LLC raised its holdings in shares of Invesco S&P MidCap 400 Pure Growth ETF by 3.6% in the third quarter. Ameritas Advisory Services LLC now owns 60,308 shares of the company’s stock valued at $2,965,000 after purchasing an additional 2,092 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Invesco S&P MidCap 400 Pure Growth ETF by 35.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,500 shares of the company’s stock valued at $713,000 after purchasing an additional 3,825 shares during the last quarter. Finally, Truepoint Inc. acquired a new stake in shares of Invesco S&P MidCap 400 Pure Growth ETF in the third quarter valued at approximately $201,000.

Invesco S&P MidCap 400 Pure Growth ETF Stock Down 3.1 %

NYSEARCA RFG opened at $47.15 on Friday. Invesco S&P MidCap 400 Pure Growth ETF has a 12-month low of $44.01 and a 12-month high of $53.78. The company has a market capitalization of $301.76 million, a PE ratio of 16.09 and a beta of 1.17. The firm’s 50 day moving average is $49.65 and its 200-day moving average is $49.45.

Invesco S&P MidCap 400 Pure Growth ETF Profile

Rydex S&P MidCap 400 Pure Growth ETF (the Fund) seeks to replicate as closely as possible the performance of the S&P MidCap 400 Pure Growth Index (the Index). The Index is narrow in focus, containing only those S&P MidCap 400 companies with strong growth characteristics as selected by S&P. The Fund uses a passive management strategy, known as replication, to track the performance of the Index.