Prasad Wealth Partners LLC bought a new stake in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP – Free Report) during the fourth quarter, Holdings Channel.com reports. The firm bought 20,928 shares of the company’s stock, valued at approximately $2,195,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPGP. Grange Capital LLC purchased a new stake in Invesco S&P 500 GARP ETF during the 4th quarter worth about $17,245,000. Sovran Advisors LLC purchased a new position in Invesco S&P 500 GARP ETF during the 4th quarter worth approximately $6,013,000. HighTower Advisors LLC raised its holdings in shares of Invesco S&P 500 GARP ETF by 22.6% in the third quarter. HighTower Advisors LLC now owns 239,668 shares of the company’s stock worth $25,084,000 after acquiring an additional 44,237 shares during the last quarter. Howard Financial Services LTD. raised its holdings in shares of Invesco S&P 500 GARP ETF by 12.9% in the fourth quarter. Howard Financial Services LTD. now owns 311,312 shares of the company’s stock worth $32,650,000 after acquiring an additional 35,495 shares during the last quarter. Finally, Genesis Private Wealth LLC acquired a new position in shares of Invesco S&P 500 GARP ETF in the fourth quarter worth $2,939,000.
Invesco S&P 500 GARP ETF Trading Down 0.1 %
SPGP stock opened at $105.77 on Tuesday. The stock has a 50-day moving average price of $107.52 and a two-hundred day moving average price of $106.45. Invesco S&P 500 GARP ETF has a 12-month low of $95.02 and a 12-month high of $112.90. The company has a market cap of $3.62 billion, a PE ratio of 14.09 and a beta of 1.09.
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.
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