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

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $122.18 and last traded at $122.17, with a volume of 3684 shares changing hands. The stock had previously closed at $120.39.

Invesco S&P 500 GARP ETF Trading Down 0.4%

The company has a market cap of $2.29 billion, a price-to-earnings ratio of 16.90 and a beta of 0.96. The company has a fifty day moving average price of $117.23 and a two-hundred day moving average price of $114.95.

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

Hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. acquired a new position in Invesco S&P 500 GARP ETF in the second quarter worth about $34,000. Sarver Vrooman Wealth Advisors acquired a new position in shares of Invesco S&P 500 GARP ETF in the 4th quarter worth approximately $38,000. GGM Financials LLC bought a new position in shares of Invesco S&P 500 GARP ETF during the 3rd quarter worth approximately $42,000. Arax Advisory Partners acquired a new stake in Invesco S&P 500 GARP ETF in the 4th quarter valued at $58,000. Finally, Optiver Holding B.V. bought a new stake in Invesco S&P 500 GARP ETF in the third quarter valued at $65,000.

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.