IFP Advisors Inc Has $3.21 Million Stake in Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG)

IFP Advisors Inc raised its holdings in Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) by 367.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 77,718 shares of the company’s stock after buying an additional 61,102 shares during the period. IFP Advisors Inc owned 0.18% of Invesco S&P 500 Pure Growth ETF worth $3,207,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in shares of Invesco S&P 500 Pure Growth ETF in the fourth quarter valued at about $39,000. EP Wealth Advisors LLC acquired a new position in shares of Invesco S&P 500 Pure Growth ETF during the 3rd quarter worth approximately $178,000. Leisure Capital Management bought a new stake in shares of Invesco S&P 500 Pure Growth ETF during the 4th quarter worth approximately $206,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Invesco S&P 500 Pure Growth ETF during the 4th quarter worth approximately $210,000. Finally, Benjamin Edwards Inc. acquired a new stake in shares of Invesco S&P 500 Pure Growth ETF in the 3rd quarter valued at approximately $266,000.

Invesco S&P 500 Pure Growth ETF Trading Down 1.0 %

Shares of RPG opened at $42.12 on Tuesday. The company’s fifty day simple moving average is $43.10 and its 200 day simple moving average is $40.96. Invesco S&P 500 Pure Growth ETF has a 1-year low of $32.44 and a 1-year high of $45.11. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 25.30 and a beta of 1.15.

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.