Silicon Valley Capital Partners Sells 29,866 Shares of Invesco S&P 500 GARP ETF $SPGP

Silicon Valley Capital Partners reduced its stake in shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 15.5% during the second quarter, Holdings Channel reports. The institutional investor owned 162,395 shares of the company’s stock after selling 29,866 shares during the period. Invesco S&P 500 GARP ETF comprises 1.8% of Silicon Valley Capital Partners’ holdings, making the stock its 15th biggest position. Silicon Valley Capital Partners’ holdings in Invesco S&P 500 GARP ETF were worth $17,490,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPGP. Franklin Resources Inc. bought a new stake in Invesco S&P 500 GARP ETF during the 2nd quarter worth approximately $34,000. Wealth Preservation Advisors LLC purchased a new position in shares of Invesco S&P 500 GARP ETF during the 1st quarter valued at $66,000. Vermillion & White Wealth Management Group LLC boosted its holdings in Invesco S&P 500 GARP ETF by 97.4% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 1,528 shares of the company’s stock worth $165,000 after buying an additional 754 shares during the period. Wedbush Securities Inc. purchased a new stake in Invesco S&P 500 GARP ETF in the 2nd quarter worth $203,000. Finally, Vestmark Advisory Solutions Inc. bought a new stake in Invesco S&P 500 GARP ETF during the second quarter valued at about $208,000.

Invesco S&P 500 GARP ETF Stock Down 1.0%

Shares of Invesco S&P 500 GARP ETF stock opened at $114.53 on Monday. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 16.90 and a beta of 1.00. The stock’s 50-day simple moving average is $112.34 and its 200-day simple moving average is $110.37. Invesco S&P 500 GARP ETF has a 52 week low of $84.13 and a 52 week high of $116.38.

Invesco S&P 500 GARP ETF 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.