Institute for Wealth Management LLC. Has $628,000 Stock Position in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

Institute for Wealth Management LLC. reduced its position in shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 14.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,992 shares of the company’s stock after selling 1,008 shares during the period. Institute for Wealth Management LLC.’s holdings in Invesco S&P 500 GARP ETF were worth $628,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. raised its position in Invesco S&P 500 GARP ETF by 34.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 393 shares of the company’s stock valued at $41,000 after purchasing an additional 100 shares in the last quarter. Glass Jacobson Investment Advisors llc raised its position in Invesco S&P 500 GARP ETF by 8.9% during the third quarter. Glass Jacobson Investment Advisors llc now owns 3,020 shares of the company’s stock valued at $316,000 after purchasing an additional 246 shares in the last quarter. Brookstone Capital Management raised its position in Invesco S&P 500 GARP ETF by 96.5% during the third quarter. Brookstone Capital Management now owns 6,329 shares of the company’s stock valued at $662,000 after purchasing an additional 3,108 shares in the last quarter. Raymond James Trust N.A. raised its position in Invesco S&P 500 GARP ETF by 24.5% during the third quarter. Raymond James Trust N.A. now owns 2,768 shares of the company’s stock valued at $290,000 after purchasing an additional 545 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new position in Invesco S&P 500 GARP ETF during the third quarter valued at approximately $170,000.

Invesco S&P 500 GARP ETF Stock Performance

NYSEARCA SPGP opened at $108.36 on Friday. The firm’s fifty day moving average price is $108.57 and its two-hundred day moving average price is $105.71. The stock has a market cap of $5.16 billion, a PE ratio of 15.92 and a beta of 0.97. Invesco S&P 500 GARP ETF has a fifty-two week low of $95.02 and a fifty-two week high of $112.90.

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.