LPL Financial LLC Has $147.48 Million Stock Holdings in Invesco S&P 500 GARP ETF $SPGP

LPL Financial LLC trimmed its position in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 19.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,295,252 shares of the company’s stock after selling 311,871 shares during the period. LPL Financial LLC owned approximately 6.20% of Invesco S&P 500 GARP ETF worth $147,477,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SPGP. Modern Wealth Management LLC raised its position in shares of Invesco S&P 500 GARP ETF by 644.9% in the 3rd quarter. Modern Wealth Management LLC now owns 243,512 shares of the company’s stock valued at $27,668,000 after acquiring an additional 210,823 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Invesco S&P 500 GARP ETF by 19.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 449,537 shares of the company’s stock valued at $51,184,000 after acquiring an additional 74,711 shares during the period. BNP Paribas Financial Markets raised its holdings in Invesco S&P 500 GARP ETF by 115.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 130,000 shares of the company’s stock worth $14,771,000 after buying an additional 69,709 shares during the period. Goldman Sachs Group Inc. raised its holdings in Invesco S&P 500 GARP ETF by 915.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 43,696 shares of the company’s stock worth $4,364,000 after buying an additional 39,392 shares during the period. Finally, Cerity Partners LLC acquired a new stake in Invesco S&P 500 GARP ETF during the 2nd quarter worth approximately $4,174,000.

Invesco S&P 500 GARP ETF Stock Performance

Shares of SPGP stock opened at $116.67 on Thursday. The company has a market capitalization of $2.20 billion, a P/E ratio of 16.90 and a beta of 0.96. The company’s 50 day moving average price is $116.22 and its two-hundred day moving average price is $114.66. Invesco S&P 500 GARP ETF has a 52 week low of $102.23 and a 52 week high of $121.90.

Invesco S&P 500 GARP ETF 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.