Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Sets New 12-Month High – Here’s What Happened

Invesco S&P 500 GARP ETF (NYSEARCA:SPGPGet Free Report) reached a new 52-week high on Monday . The company traded as high as $127.00 and last traded at $127.00, with a volume of 5242 shares traded. The stock had previously closed at $125.35.

Invesco S&P 500 GARP ETF Trading Up 1.1%

The firm has a 50 day moving average of $121.81 and a 200-day moving average of $116.81. The company has a market cap of $2.28 billion, a P/E ratio of 16.90 and a beta of 0.96.

Hedge Funds Weigh In On Invesco S&P 500 GARP ETF

A number of hedge funds and other institutional investors have recently modified their holdings of SPGP. Franklin Resources Inc. purchased a new stake in Invesco S&P 500 GARP ETF in the 2nd quarter worth $34,000. Sarver Vrooman Wealth Advisors purchased a new position in shares of Invesco S&P 500 GARP ETF during the fourth quarter valued at about $38,000. Arax Advisory Partners bought a new stake in shares of Invesco S&P 500 GARP ETF in the fourth quarter worth about $58,000. Elevated Capital Advisors LLC bought a new stake in shares of Invesco S&P 500 GARP ETF in the fourth quarter worth about $78,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in shares of Invesco S&P 500 GARP ETF in the first quarter worth about $87,000.

About Invesco S&P 500 GARP ETF

(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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