Invesco S&P 500 GARP ETF (NYSEARCA:SPGP – Get Free Report) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totaling 11,666 shares, a drop of 60.4% from the March 31st total of 29,487 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 95,430 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Investors Weigh In On Invesco S&P 500 GARP ETF
Institutional investors have recently modified their holdings of the business. Franklin Resources Inc. bought a new position in Invesco S&P 500 GARP ETF during the 2nd quarter worth approximately $34,000. Root Financial Partners LLC bought a new position in Invesco S&P 500 GARP ETF during the 3rd quarter worth approximately $36,000. Sarver Vrooman Wealth Advisors bought a new position in Invesco S&P 500 GARP ETF during the 4th quarter worth approximately $38,000. GGM Financials LLC bought a new position in Invesco S&P 500 GARP ETF during the 3rd quarter worth approximately $42,000. Finally, Arax Advisory Partners bought a new position in Invesco S&P 500 GARP ETF during the 4th quarter worth approximately $58,000.
Invesco S&P 500 GARP ETF Stock Performance
SPGP traded up $0.30 during midday trading on Friday, hitting $117.43. The company had a trading volume of 60,326 shares, compared to its average volume of 98,638. The company has a market capitalization of $2.23 billion, a PE ratio of 16.90 and a beta of 0.98. Invesco S&P 500 GARP ETF has a twelve month low of $94.18 and a twelve month high of $119.36. The firm’s 50-day simple moving average is $112.25 and its 200-day simple moving average is $113.33.
Invesco S&P 500 GARP ETF Company 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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