Invesco S&P 500 GARP ETF (NYSEARCA:SPGP – Get Free Report) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 12,071 shares, a drop of 42.1% from the August 31st total of 20,854 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 68,031 shares, the short-interest ratio is presently 0.2 days.
Invesco S&P 500 GARP ETF Stock Up 0.4%
NYSEARCA:SPGP traded up $0.46 during trading hours on Thursday, reaching $119.28. 69,290 shares of the company’s stock were exchanged, compared to its average volume of 88,430. Invesco S&P 500 GARP ETF has a 1-year low of $103.86 and a 1-year high of $129.64. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 16.90 and a beta of 0.95. The company has a 50-day moving average of $124.65 and a 200 day moving average of $119.82.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of SPGP. Marble Wealth LLC acquired a new position in Invesco S&P 500 GARP ETF in the 4th quarter valued at $3,891,000. Perryman Financial Advisory Inc. AD purchased a new position in Invesco S&P 500 GARP ETF during the fourth quarter worth about $3,301,000. Ascentis Independent Advisors purchased a new position in Invesco S&P 500 GARP ETF during the first quarter worth about $2,189,000. Quantum Portfolio Management LLC purchased a new stake in Invesco S&P 500 GARP ETF in the 1st quarter valued at approximately $757,000. Finally, Vise Technologies Inc. purchased a new stake in Invesco S&P 500 GARP ETF in the 4th quarter valued at approximately $751,000.
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.
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