Pine Harbor Wealth Management LLC reduced its holdings in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP – Free Report) by 22.0% during the first quarter, Holdings Channel.com reports. The fund owned 26,158 shares of the company’s stock after selling 7,396 shares during the quarter. Invesco S&P 500 GARP ETF accounts for 0.8% of Pine Harbor Wealth Management LLC’s investment portfolio, making the stock its 19th largest holding. Pine Harbor Wealth Management LLC’s holdings in Invesco S&P 500 GARP ETF were worth $2,815,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. purchased a new stake in shares of Invesco S&P 500 GARP ETF in the 2nd quarter valued at about $34,000. Sarver Vrooman Wealth Advisors purchased a new position in shares of Invesco S&P 500 GARP ETF during the fourth quarter worth about $38,000. Arax Advisory Partners bought a new position in shares of Invesco S&P 500 GARP ETF in the fourth quarter worth approximately $58,000. Elevated Capital Advisors LLC purchased a new stake in Invesco S&P 500 GARP ETF in the fourth quarter valued at approximately $78,000. Finally, Merkkuri Wealth Advisors LLC purchased a new stake in Invesco S&P 500 GARP ETF in the first quarter valued at approximately $87,000.
Invesco S&P 500 GARP ETF Price Performance
Shares of Invesco S&P 500 GARP ETF stock opened at $124.38 on Friday. Invesco S&P 500 GARP ETF has a 1 year low of $103.86 and a 1 year high of $124.66. The firm has a market cap of $2.23 billion, a PE ratio of 16.90 and a beta of 0.96. The company has a 50 day simple moving average of $119.12 and a two-hundred day simple moving average of $115.67.
About Invesco S&P 500 GARP ETF
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.
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