Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) Holdings Cut by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. decreased its stake in Invesco S&P MidCap 400 Pure Growth ETF (NYSEARCA:RFG) by 16.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,622 shares of the company’s stock after selling 4,271 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.34% of Invesco S&P MidCap 400 Pure Growth ETF worth $892,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Bank of America Corp DE increased its position in Invesco S&P MidCap 400 Pure Growth ETF by 0.7% during the first quarter. Bank of America Corp DE now owns 8,824 shares of the company’s stock worth $1,616,000 after buying an additional 60 shares during the last quarter. FMR LLC raised its stake in shares of Invesco S&P MidCap 400 Pure Growth ETF by 10.8% in the 2nd quarter. FMR LLC now owns 646 shares of the company’s stock valued at $105,000 after acquiring an additional 63 shares in the last quarter. Raymond James & Associates lifted its holdings in Invesco S&P MidCap 400 Pure Growth ETF by 5.2% in the 1st quarter. Raymond James & Associates now owns 2,067 shares of the company’s stock worth $421,000 after purchasing an additional 103 shares during the last quarter. Mariner LLC boosted its position in Invesco S&P MidCap 400 Pure Growth ETF by 5.7% during the fourth quarter. Mariner LLC now owns 2,183 shares of the company’s stock worth $391,000 after purchasing an additional 118 shares during the period. Finally, JPMorgan Chase & Co. acquired a new position in Invesco S&P MidCap 400 Pure Growth ETF during the fourth quarter valued at approximately $31,000.

Invesco S&P MidCap 400 Pure Growth ETF Stock Down 1.3 %

NYSEARCA:RFG opened at $47.95 on Tuesday. The company’s 50 day moving average is $47.83 and its 200-day moving average is $42.64. Invesco S&P MidCap 400 Pure Growth ETF has a 12 month low of $35.31 and a 12 month high of $50.92. The firm has a market cap of $332.29 million, a price-to-earnings ratio of 2.57 and a beta of 1.07.

About Invesco S&P MidCap 400 Pure Growth ETF

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.