Financial Advocates Investment Management Grows Position in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

Financial Advocates Investment Management increased its holdings in shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 1.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 80,957 shares of the company’s stock after purchasing an additional 1,405 shares during the quarter. Financial Advocates Investment Management owned 0.24% of Invesco S&P 500 GARP ETF worth $7,937,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. LPL Financial LLC raised its position in Invesco S&P 500 GARP ETF by 50.1% in the third quarter. LPL Financial LLC now owns 2,670,278 shares of the company’s stock valued at $243,636,000 after purchasing an additional 891,343 shares during the period. Morgan Stanley grew its holdings in Invesco S&P 500 GARP ETF by 20.0% during the 3rd quarter. Morgan Stanley now owns 4,986,125 shares of the company’s stock valued at $454,934,000 after purchasing an additional 832,388 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Invesco S&P 500 GARP ETF by 30.5% during the third quarter. Envestnet Asset Management Inc. now owns 1,309,544 shares of the company’s stock valued at $119,483,000 after acquiring an additional 306,394 shares in the last quarter. Stratos Wealth Partners LTD. increased its position in shares of Invesco S&P 500 GARP ETF by 1,149.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 170,634 shares of the company’s stock worth $16,729,000 after acquiring an additional 156,982 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of Invesco S&P 500 GARP ETF by 15.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,165,962 shares of the company’s stock worth $114,311,000 after acquiring an additional 151,991 shares in the last quarter.

Invesco S&P 500 GARP ETF Price Performance

SPGP traded up $0.43 on Friday, reaching $104.58. The company’s stock had a trading volume of 190,814 shares, compared to its average volume of 324,916. Invesco S&P 500 GARP ETF has a 1 year low of $84.08 and a 1 year high of $107.06. The business’s 50 day moving average is $103.40 and its 200 day moving average is $98.57. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 15.92 and a beta of 0.97.

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.