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

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $111.26 and last traded at $111.07, with a volume of 19248 shares changing hands. The stock had previously closed at $110.42.

Invesco S&P 500 GARP ETF Stock Up 0.6 %

The company has a market capitalization of $5.29 billion, a P/E ratio of 15.92 and a beta of 0.97. The firm’s 50-day moving average price is $106.26 and its 200 day moving average price is $103.78.

Institutional Trading of Invesco S&P 500 GARP ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC purchased a new stake in Invesco S&P 500 GARP ETF in the 2nd quarter valued at about $25,000. Moisand Fitzgerald Tamayo LLC lifted its position in shares of Invesco S&P 500 GARP ETF by 778.6% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 246 shares of the company’s stock valued at $26,000 after buying an additional 218 shares during the last quarter. Pineridge Advisors LLC bought a new position in shares of Invesco S&P 500 GARP ETF during the 1st quarter worth $31,000. Assetmark Inc. grew its stake in shares of Invesco S&P 500 GARP ETF by 352.8% during the 3rd quarter. Assetmark Inc. now owns 326 shares of the company’s stock worth $34,000 after acquiring an additional 254 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Invesco S&P 500 GARP ETF in the 2nd quarter worth about $35,000.

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.