Merit Financial Group LLC Sells 7,071 Shares of Invesco S&P MidCap 400 GARP ETF $GRPM

Merit Financial Group LLC trimmed its holdings in shares of Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) by 58.1% during the fourth quarter, HoldingsChannel reports. The fund owned 5,100 shares of the company’s stock after selling 7,071 shares during the quarter. Merit Financial Group LLC’s holdings in Invesco S&P MidCap 400 GARP ETF were worth $612,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Triad Wealth Partners LLC bought a new stake in Invesco S&P MidCap 400 GARP ETF during the 4th quarter worth approximately $323,000. Flagship Harbor Advisors LLC acquired a new position in shares of Invesco S&P MidCap 400 GARP ETF during the 4th quarter valued at $85,000. Redhawk Wealth Advisors Inc. lifted its position in shares of Invesco S&P MidCap 400 GARP ETF by 35.3% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 6,004 shares of the company’s stock valued at $721,000 after acquiring an additional 1,565 shares during the period. Mariner LLC increased its stake in Invesco S&P MidCap 400 GARP ETF by 2.3% during the 3rd quarter. Mariner LLC now owns 4,376 shares of the company’s stock valued at $528,000 after purchasing an additional 98 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its stake in Invesco S&P MidCap 400 GARP ETF by 13.6% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 21,191 shares of the company’s stock valued at $2,556,000 after purchasing an additional 2,535 shares in the last quarter.

Invesco S&P MidCap 400 GARP ETF Stock Performance

Shares of GRPM stock opened at $125.77 on Monday. The firm has a market capitalization of $490.50 million, a PE ratio of 13.88 and a beta of 1.05. The firm has a fifty day simple moving average of $120.85 and a two-hundred day simple moving average of $120.61. Invesco S&P MidCap 400 GARP ETF has a 12 month low of $98.39 and a 12 month high of $126.92.

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.