Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Hits New 1-Year High – What’s Next?

Invesco S&P 500 GARP ETF (NYSEARCA:SPGPGet Free Report)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $122.72 and last traded at $122.72, with a volume of 25421 shares. The stock had previously closed at $121.72.

Invesco S&P 500 GARP ETF Price Performance

The business has a 50-day moving average of $118.50 and a 200-day moving average of $115.36. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 16.90 and a beta of 0.96.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC bought a new position in shares of Invesco S&P 500 GARP ETF in the first quarter valued at $337,000. Goldman Sachs Group Inc. raised its position in Invesco S&P 500 GARP ETF by 915.2% during the first quarter. Goldman Sachs Group Inc. now owns 43,696 shares of the company’s stock worth $4,364,000 after acquiring an additional 39,392 shares in the last quarter. Franklin Resources Inc. acquired a new stake in Invesco S&P 500 GARP ETF in the second quarter valued at $34,000. Cerity Partners LLC bought a new position in shares of Invesco S&P 500 GARP ETF in the 2nd quarter valued at about $4,174,000. Finally, Darwin Wealth Management LLC acquired a new position in shares of Invesco S&P 500 GARP ETF during the 2nd quarter worth about $225,000.

Invesco S&P 500 GARP ETF Company Profile

(Get Free Report)

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.

Further Reading

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