Modern Wealth Management LLC Cuts Stock Holdings in Invesco S&P 500 GARP ETF $SPGP

Modern Wealth Management LLC lowered its position in shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 54.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,492 shares of the company’s stock after selling 130,751 shares during the period. Modern Wealth Management LLC owned approximately 0.59% of Invesco S&P 500 GARP ETF worth $11,933,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in SPGP. Walled Lake Planning & Wealth Management LLC boosted its stake in Invesco S&P 500 GARP ETF by 1.4% during the 4th quarter. Walled Lake Planning & Wealth Management LLC now owns 6,606 shares of the company’s stock valued at $752,000 after purchasing an additional 88 shares during the last quarter. Opal Wealth Advisors LLC raised its stake in shares of Invesco S&P 500 GARP ETF by 4.2% in the fourth quarter. Opal Wealth Advisors LLC now owns 2,487 shares of the company’s stock worth $283,000 after purchasing an additional 100 shares during the last quarter. Visionary Wealth Advisors lifted its holdings in shares of Invesco S&P 500 GARP ETF by 0.8% during the second quarter. Visionary Wealth Advisors now owns 16,960 shares of the company’s stock valued at $1,827,000 after purchasing an additional 128 shares in the last quarter. Darwin Wealth Management LLC boosted its position in shares of Invesco S&P 500 GARP ETF by 6.1% during the fourth quarter. Darwin Wealth Management LLC now owns 2,230 shares of the company’s stock valued at $254,000 after buying an additional 129 shares during the last quarter. Finally, Strategic Wealth Partners Ltd. increased its holdings in Invesco S&P 500 GARP ETF by 2.6% in the 3rd quarter. Strategic Wealth Partners Ltd. now owns 5,129 shares of the company’s stock worth $583,000 after buying an additional 129 shares in the last quarter.

Invesco S&P 500 GARP ETF Stock Performance

Shares of NYSEARCA:SPGP opened at $120.51 on Friday. Invesco S&P 500 GARP ETF has a fifty-two week low of $103.86 and a fifty-two week high of $125.47. The business has a 50-day simple moving average of $120.88 and a two-hundred day simple moving average of $116.49. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 16.90 and a beta of 0.96.

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.