Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Reaches New 12-Month High – Time to Buy?

Invesco S&P 500 GARP ETF (NYSEARCA:SPGPGet Free Report)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $127.00 and last traded at $127.00, with a volume of 5242 shares trading hands. The stock had previously closed at $125.35.

Invesco S&P 500 GARP ETF Trading Up 0.9%

The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 16.90 and a beta of 0.95. The firm’s fifty day moving average price is $122.16 and its 200 day moving average price is $116.98.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of Invesco S&P 500 GARP ETF by 19.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 449,537 shares of the company’s stock worth $51,184,000 after purchasing an additional 74,711 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Invesco S&P 500 GARP ETF by 115.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 130,000 shares of the company’s stock worth $14,771,000 after buying an additional 69,709 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Invesco S&P 500 GARP ETF by 915.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 43,696 shares of the company’s stock worth $4,364,000 after buying an additional 39,392 shares in the last quarter. Cerity Partners LLC purchased a new position in Invesco S&P 500 GARP ETF in the 2nd quarter valued at approximately $4,174,000. Finally, Jump Financial LLC acquired a new position in shares of Invesco S&P 500 GARP ETF in the fourth quarter worth $3,907,000.

Invesco S&P 500 GARP ETF Company Profile

(Get Free Report)

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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