Northwestern Mutual Wealth Management Co. Reduces Stake in Invesco S&P MidCap 400 GARP ETF $GRPM

Northwestern Mutual Wealth Management Co. reduced its stake in Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) by 26.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,722 shares of the company’s stock after selling 30,872 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 2.00% of Invesco S&P MidCap 400 GARP ETF worth $10,167,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Mariner LLC grew its holdings in Invesco S&P MidCap 400 GARP ETF by 2.3% in the 3rd quarter. Mariner LLC now owns 4,376 shares of the company’s stock valued at $528,000 after buying an additional 98 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in Invesco S&P MidCap 400 GARP ETF by 1.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 8,532 shares of the company’s stock valued at $1,029,000 after buying an additional 104 shares in the last quarter. Raymond James Financial Inc. grew its holdings in Invesco S&P MidCap 400 GARP ETF by 0.5% in the 3rd quarter. Raymond James Financial Inc. now owns 39,255 shares of the company’s stock valued at $4,735,000 after buying an additional 205 shares in the last quarter. Truist Financial Corp grew its holdings in Invesco S&P MidCap 400 GARP ETF by 1.6% in the 4th quarter. Truist Financial Corp now owns 13,448 shares of the company’s stock valued at $1,614,000 after buying an additional 208 shares in the last quarter. Finally, Thoroughbred Financial Services LLC grew its holdings in Invesco S&P MidCap 400 GARP ETF by 0.9% in the 4th quarter. Thoroughbred Financial Services LLC now owns 28,908 shares of the company’s stock valued at $3,469,000 after buying an additional 259 shares in the last quarter.

Invesco S&P MidCap 400 GARP ETF Stock Up 0.6%

Shares of NYSEARCA:GRPM opened at $127.78 on Tuesday. The business has a fifty day moving average of $123.39 and a two-hundred day moving average of $121.91. The stock has a market cap of $494.51 million, a P/E ratio of 13.88 and a beta of 1.02. Invesco S&P MidCap 400 GARP ETF has a 52-week low of $103.53 and a 52-week high of $128.42.

Invesco S&P MidCap 400 GARP ETF Profile

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.