Financial Designs Corp Takes Position in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

Financial Designs Corp acquired a new position in shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 62,670 shares of the company’s stock, valued at approximately $6,674,000. Invesco S&P 500 GARP ETF makes up 4.4% of Financial Designs Corp’s holdings, making the stock its 9th biggest holding. Financial Designs Corp owned about 0.18% of Invesco S&P 500 GARP ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 GARP ETF in the 4th quarter valued at approximately $25,000. Thompson Investment Management Inc. acquired a new stake in Invesco S&P 500 GARP ETF in the 4th quarter valued at approximately $35,000. HBC Financial Services PLLC raised its position in Invesco S&P 500 GARP ETF by 31.4% in the fourth quarter. HBC Financial Services PLLC now owns 460 shares of the company’s stock valued at $45,000 after purchasing an additional 110 shares during the period. PNC Financial Services Group Inc. lifted its stake in Invesco S&P 500 GARP ETF by 4,581.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 515 shares of the company’s stock worth $50,000 after purchasing an additional 504 shares in the last quarter. Finally, ICA Group Wealth Management LLC purchased a new position in shares of Invesco S&P 500 GARP ETF during the fourth quarter worth $53,000.

Invesco S&P 500 GARP ETF Trading Down 0.3 %

SPGP traded down $0.26 during trading hours on Tuesday, hitting $102.74. 108,895 shares of the company’s stock were exchanged, compared to its average volume of 305,045. The firm has a market cap of $4.89 billion, a P/E ratio of 15.92 and a beta of 0.97. Invesco S&P 500 GARP ETF has a 12-month low of $86.16 and a 12-month high of $107.06. The firm has a 50 day moving average of $102.58 and a 200 day moving average of $100.75.

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.