Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) Stake Lessened by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC lessened its stake in Invesco S&P 500 Pure Growth ETF (NYSEARCA:RPG) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,810 shares of the company’s stock after selling 1,006 shares during the period. Cornerstone Wealth Management LLC owned about 0.06% of Invesco S&P 500 Pure Growth ETF worth $1,106,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Matrix Trust Co bought a new stake in shares of Invesco S&P 500 Pure Growth ETF in the third quarter worth $117,000. EP Wealth Advisors LLC bought a new stake in Invesco S&P 500 Pure Growth ETF during the third quarter valued at $178,000. Benjamin Edwards Inc. bought a new stake in Invesco S&P 500 Pure Growth ETF during the third quarter valued at $266,000. World Investment Advisors LLC increased its stake in Invesco S&P 500 Pure Growth ETF by 24.4% during the third quarter. World Investment Advisors LLC now owns 7,394 shares of the company’s stock valued at $290,000 after purchasing an additional 1,448 shares during the last quarter. Finally, RIA Advisory Group LLC bought a new stake in Invesco S&P 500 Pure Growth ETF during the third quarter valued at $297,000.

Invesco S&P 500 Pure Growth ETF Price Performance

RPG stock opened at $44.35 on Friday. Invesco S&P 500 Pure Growth ETF has a 1-year low of $32.44 and a 1-year high of $44.61. The firm has a fifty day moving average price of $42.68 and a two-hundred day moving average price of $39.86. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 2.66 and a beta of 1.05.

Invesco S&P 500 Pure Growth ETF 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.