Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Hits New 12-Month High – What’s Next?

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) shares reached a new 52-week high on Friday . The company traded as high as $116.38 and last traded at $115.4590, with a volume of 15121 shares trading hands. The stock had previously closed at $115.74.

Invesco S&P 500 GARP ETF Stock Down 0.7%

The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 16.90 and a beta of 1.00. The company has a 50-day moving average price of $112.34 and a 200-day moving average price of $110.16.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CAP Partners LLC raised its position in shares of Invesco S&P 500 GARP ETF by 5.0% during the 2nd quarter. CAP Partners LLC now owns 2,426 shares of the company’s stock worth $261,000 after buying an additional 116 shares in the last quarter. Visionary Wealth Advisors lifted its position in Invesco S&P 500 GARP ETF by 0.8% in the second quarter. Visionary Wealth Advisors now owns 16,960 shares of the company’s stock worth $1,827,000 after purchasing an additional 128 shares during the period. Strategic Wealth Partners Ltd. boosted its stake in Invesco S&P 500 GARP ETF by 2.6% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 5,129 shares of the company’s stock valued at $583,000 after purchasing an additional 129 shares in the last quarter. Investment Planning Advisors Inc. boosted its stake in Invesco S&P 500 GARP ETF by 2.1% during the 3rd quarter. Investment Planning Advisors Inc. now owns 9,042 shares of the company’s stock valued at $1,027,000 after purchasing an additional 190 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in shares of Invesco S&P 500 GARP ETF by 5.1% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 4,014 shares of the company’s stock valued at $456,000 after purchasing an additional 196 shares during the period.

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.