Sovereign Financial Group Inc. Takes Position in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

Sovereign Financial Group Inc. bought a new stake in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,234 shares of the company’s stock, valued at approximately $611,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Venturi Wealth Management LLC purchased a new position in Invesco S&P 500 GARP ETF during the fourth quarter worth about $25,000. JFS Wealth Advisors LLC purchased a new position in Invesco S&P 500 GARP ETF during the third quarter worth about $26,000. Signaturefd LLC purchased a new position in Invesco S&P 500 GARP ETF during the third quarter worth about $31,000. HBC Financial Services PLLC acquired a new position in Invesco S&P 500 GARP ETF during the third quarter worth about $31,000. Finally, Thompson Investment Management Inc. acquired a new position in Invesco S&P 500 GARP ETF during the fourth quarter worth about $35,000.

Invesco S&P 500 GARP ETF Stock Performance

SPGP traded up $0.27 on Tuesday, hitting $102.55. 199,794 shares of the company were exchanged, compared to its average volume of 330,217. The business’s fifty day moving average is $103.13 and its 200 day moving average is $97.83. Invesco S&P 500 GARP ETF has a fifty-two week low of $83.61 and a fifty-two week high of $107.06. The firm has a market capitalization of $4.85 billion, a P/E ratio of 15.56 and a beta of 0.96.

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.