IFP Advisors Inc Sells 2,994 Shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

IFP Advisors Inc decreased its holdings in shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 34.7% during the 4th quarter, Holdings Channel reports. The firm owned 5,639 shares of the company’s stock after selling 2,994 shares during the quarter. IFP Advisors Inc’s holdings in Invesco S&P 500 GARP ETF were worth $592,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Howard Financial Services LTD. boosted its position in shares of Invesco S&P 500 GARP ETF by 12.9% during the 4th quarter. Howard Financial Services LTD. now owns 311,312 shares of the company’s stock valued at $32,650,000 after purchasing an additional 35,495 shares in the last quarter. Armstrong Advisory Group Inc. raised its stake in Invesco S&P 500 GARP ETF by 7.2% during the 4th quarter. Armstrong Advisory Group Inc. now owns 259,817 shares of the company’s stock worth $27,250,000 after buying an additional 17,485 shares during the period. D Orazio & Associates Inc. raised its stake in Invesco S&P 500 GARP ETF by 3.1% during the 4th quarter. D Orazio & Associates Inc. now owns 257,427 shares of the company’s stock worth $26,999,000 after buying an additional 7,715 shares during the period. HighTower Advisors LLC raised its stake in Invesco S&P 500 GARP ETF by 22.6% during the 3rd quarter. HighTower Advisors LLC now owns 239,668 shares of the company’s stock worth $25,084,000 after buying an additional 44,237 shares during the period. Finally, Stratos Wealth Partners LTD. raised its stake in Invesco S&P 500 GARP ETF by 1.7% during the 4th quarter. Stratos Wealth Partners LTD. now owns 231,573 shares of the company’s stock worth $24,287,000 after buying an additional 3,905 shares during the period.

Invesco S&P 500 GARP ETF Stock Performance

SPGP stock opened at $105.60 on Friday. The stock’s 50 day simple moving average is $107.53 and its 200 day simple moving average is $106.52. Invesco S&P 500 GARP ETF has a fifty-two week low of $95.02 and a fifty-two week high of $112.90. The company has a market cap of $3.61 billion, a P/E 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.