Fifth Third Bancorp Increases Position in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

Fifth Third Bancorp increased its stake in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 10.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,218,843 shares of the company’s stock after acquiring an additional 117,633 shares during the period. Fifth Third Bancorp owned about 3.54% of Invesco S&P 500 GARP ETF worth $119,495,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Coulter & Justus Financial Services LLC purchased a new stake in Invesco S&P 500 GARP ETF during the third quarter valued at about $1,606,000. Oder Investment Management LLC boosted its holdings in shares of Invesco S&P 500 GARP ETF by 11.0% during the third quarter. Oder Investment Management LLC now owns 10,111 shares of the company’s stock worth $923,000 after purchasing an additional 1,000 shares during the period. Creative Planning boosted its holdings in shares of Invesco S&P 500 GARP ETF by 865.8% during the third quarter. Creative Planning now owns 77,073 shares of the company’s stock worth $7,032,000 after purchasing an additional 69,093 shares during the period. Mutual Advisors LLC boosted its holdings in shares of Invesco S&P 500 GARP ETF by 4.1% during the fourth quarter. Mutual Advisors LLC now owns 37,846 shares of the company’s stock worth $3,710,000 after purchasing an additional 1,476 shares during the period. Finally, First Command Advisory Services Inc. purchased a new stake in shares of Invesco S&P 500 GARP ETF during the third quarter worth about $64,000.

Invesco S&P 500 GARP ETF Price Performance

SPGP stock traded up $0.65 during trading on Friday, reaching $106.49. The company had a trading volume of 320,478 shares, compared to its average volume of 352,261. Invesco S&P 500 GARP ETF has a 52 week low of $83.14 and a 52 week high of $106.76. The company has a market cap of $3.66 billion, a P/E ratio of 10.51 and a beta of 1.11. The business has a 50 day moving average of $100.44 and a 200 day moving average of $95.62.

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.