Modern Wealth Management LLC Acquires 17,257 Shares of Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM)

Modern Wealth Management LLC grew its holdings in Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) by 205.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,670 shares of the company’s stock after acquiring an additional 17,257 shares during the quarter. Modern Wealth Management LLC owned 0.74% of Invesco S&P MidCap 400 GARP ETF worth $2,907,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Kestra Private Wealth Services LLC grew its position in shares of Invesco S&P MidCap 400 GARP ETF by 0.5% in the 4th quarter. Kestra Private Wealth Services LLC now owns 43,644 shares of the company’s stock valued at $4,921,000 after purchasing an additional 224 shares during the period. Thrivent Financial for Lutherans lifted its stake in Invesco S&P MidCap 400 GARP ETF by 6.3% in the third quarter. Thrivent Financial for Lutherans now owns 4,504 shares of the company’s stock valued at $527,000 after buying an additional 265 shares in the last quarter. FMR LLC boosted its holdings in shares of Invesco S&P MidCap 400 GARP ETF by 106.3% in the third quarter. FMR LLC now owns 555 shares of the company’s stock valued at $65,000 after buying an additional 286 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of Invesco S&P MidCap 400 GARP ETF by 186.5% in the fourth quarter. Global Retirement Partners LLC now owns 596 shares of the company’s stock valued at $67,000 after buying an additional 388 shares during the period. Finally, Glass Jacobson Investment Advisors llc increased its position in shares of Invesco S&P MidCap 400 GARP ETF by 772.3% during the third quarter. Glass Jacobson Investment Advisors llc now owns 567 shares of the company’s stock worth $66,000 after acquiring an additional 502 shares in the last quarter.

Invesco S&P MidCap 400 GARP ETF Stock Performance

Shares of Invesco S&P MidCap 400 GARP ETF stock opened at $108.30 on Wednesday. The firm has a market cap of $539.33 million, a PE ratio of 12.13 and a beta of 1.23. Invesco S&P MidCap 400 GARP ETF has a 52-week low of $100.88 and a 52-week high of $127.48. The business’s 50 day simple moving average is $110.66 and its 200 day simple moving average is $114.98.

Invesco S&P MidCap 400 GARP ETF Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be given a dividend of $0.4064 per share. This is a positive change from Invesco S&P MidCap 400 GARP ETF’s previous dividend of $0.30. The ex-dividend date is Monday, March 24th.

Invesco S&P MidCap 400 GARP ETF Company Profile

The Invesco S&P MidCap 400 GARP ETF (GRPM) is an exchange-traded fund that is based on the S&P MidCap 400 GARP index. The fund tracks an index of US mid-cap growth stocks with perceived quality and value characteristics. GRPM was launched on Dec 8, 2010 and is issued by Invesco.