Invesco S&P MidCap 400 Pure Growth ETF Price & Performance (RFG)

Institutional interest in the Invesco S&P MidCap 400 Pure Growth ETF has surged, with Raymond James Financial and several other firms significantly increasing their stakes in the fund during the fourth quarter. The ETF, which tracks mid-cap companies with strong growth metrics, has seen its market capitalization approach $287 million.12

S&P's 'pure value' methodology, which screens out overlapping value and growth stocks, has recently delivered stronger returns than traditional cap-weighted value indexes and the S&P 500. This approach, now extended to mid- and small-cap indexes, narrows focus and reduces Big Tech dominance, appealing to investors seeking differentiated exposure.3

Recent days have seen a wave of corporate actions, including Allakos and 2seventy Bio delistings via cash mergers, and Weight Watchers' demotion to OTC Markets. These moves reflect ongoing shifts in the public company landscape, affecting both investor portfolios and index compositions as companies restructure or exit public markets.4