Envestnet Asset Management Inc. Sells 82,582 Shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

Envestnet Asset Management Inc. reduced its position in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 3.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,230,808 shares of the company’s stock after selling 82,582 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Invesco S&P 500 GARP ETF were worth $229,282,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPGP. Kingsview Wealth Management LLC boosted its holdings in shares of Invesco S&P 500 GARP ETF by 23.7% in the 4th quarter. Kingsview Wealth Management LLC now owns 5,628 shares of the company’s stock worth $552,000 after purchasing an additional 1,077 shares in the last quarter. Brown Advisory Inc. boosted its holdings in Invesco S&P 500 GARP ETF by 7.7% during the 4th quarter. Brown Advisory Inc. now owns 15,892 shares of the company’s stock valued at $1,558,000 after acquiring an additional 1,141 shares during the period. TrinityPoint Wealth LLC boosted its holdings in Invesco S&P 500 GARP ETF by 65.5% during the 4th quarter. TrinityPoint Wealth LLC now owns 113,895 shares of the company’s stock valued at $11,166,000 after acquiring an additional 45,094 shares during the period. UBS Group AG boosted its holdings in Invesco S&P 500 GARP ETF by 5.6% during the 4th quarter. UBS Group AG now owns 363,383 shares of the company’s stock valued at $35,626,000 after acquiring an additional 19,391 shares during the period. Finally, Gladstone Institutional Advisory LLC boosted its holdings in Invesco S&P 500 GARP ETF by 8.0% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 17,174 shares of the company’s stock valued at $1,684,000 after acquiring an additional 1,267 shares during the period.

Invesco S&P 500 GARP ETF Price Performance

Shares of SPGP stock opened at $101.44 on Monday. The stock has a market capitalization of $4.83 billion, a PE ratio of 15.92 and a beta of 0.97. Invesco S&P 500 GARP ETF has a 1-year low of $86.16 and a 1-year high of $107.06. The business has a 50-day moving average of $101.90 and a 200 day moving average of $102.70.

Invesco S&P 500 GARP ETF Profile

The Invesco S&P 500 GARP ETF (SPGP) is an exchange-traded fund that is based on the S&P 500 GARP index. The fund tracks an index of S&P 500 stocks selected by growth, quality and value traits, and weighted by growth. SPGP was launched on Jun 16, 2011 and is managed by Invesco.