HighTower Advisors LLC Purchases Shares of 461,904 Invesco S&P MidCap 400 GARP ETF $GRPM

HighTower Advisors LLC purchased a new stake in Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) during the 4th quarter, Holdings Channel reports. The fund purchased 461,904 shares of the company’s stock, valued at approximately $55,433,000. HighTower Advisors LLC owned 0.11% of Invesco S&P MidCap 400 GARP ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Invesco S&P MidCap 400 GARP ETF by 507.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 702,706 shares of the company’s stock valued at $84,332,000 after buying an additional 587,112 shares during the period. 626 Financial LLC increased its position in shares of Invesco S&P MidCap 400 GARP ETF by 2.9% in the fourth quarter. 626 Financial LLC now owns 103,517 shares of the company’s stock worth $12,423,000 after acquiring an additional 2,911 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Invesco S&P MidCap 400 GARP ETF by 32.9% in the third quarter. Ameritas Investment Partners Inc. now owns 62,279 shares of the company’s stock worth $7,512,000 after acquiring an additional 15,418 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of Invesco S&P MidCap 400 GARP ETF by 0.5% in the third quarter. Raymond James Financial Inc. now owns 39,255 shares of the company’s stock worth $4,735,000 after acquiring an additional 205 shares in the last quarter. Finally, Axxcess Wealth Management LLC increased its position in shares of Invesco S&P MidCap 400 GARP ETF by 353.9% in the third quarter. Axxcess Wealth Management LLC now owns 33,932 shares of the company’s stock worth $4,093,000 after acquiring an additional 26,457 shares in the last quarter.

Invesco S&P MidCap 400 GARP ETF Trading Up 1.5%

Shares of GRPM stock opened at $126.49 on Thursday. The company has a market capitalization of $489.52 million, a PE ratio of 13.88 and a beta of 1.02. The firm has a fifty day simple moving average of $121.85 and a 200-day simple moving average of $121.43. Invesco S&P MidCap 400 GARP ETF has a twelve month low of $101.93 and a twelve month high of $128.42.

About Invesco S&P MidCap 400 GARP ETF

The Invesco S&P MidCap 400 GARP ETF (GRPM) is an exchange-traded fund that is based on the S&P MidCap 400 GARP index. The fund tracks an index of US mid-cap growth stocks with perceived quality and value characteristics. GRPM was launched on Dec 8, 2010 and is issued by Invesco.