Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Shares Sold by ERn Financial LLC

ERn Financial LLC lessened its stake in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 3.6% in the first quarter, HoldingsChannel.com reports. The firm owned 31,636 shares of the company’s stock after selling 1,180 shares during the quarter. ERn Financial LLC’s holdings in Invesco S&P 500 GARP ETF were worth $3,369,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Morgan Stanley increased its stake in Invesco S&P 500 GARP ETF by 20.0% in 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. increased its holdings in Invesco S&P 500 GARP ETF by 49.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,952,588 shares of the company’s stock valued at $191,432,000 after acquiring an additional 643,044 shares in the last quarter. Scarborough Advisors LLC acquired a new position in Invesco S&P 500 GARP ETF during the fourth quarter worth about $27,703,000. Wells Fargo & Company MN lifted its holdings in shares of Invesco S&P 500 GARP ETF by 109.5% in the fourth quarter. Wells Fargo & Company MN now owns 523,727 shares of the company’s stock valued at $51,346,000 after purchasing an additional 273,734 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its stake in shares of Invesco S&P 500 GARP ETF by 54.4% during the 4th quarter. Kestra Advisory Services LLC now owns 474,308 shares of the company’s stock worth $46,501,000 after purchasing an additional 167,194 shares in the last quarter.

Invesco S&P 500 GARP ETF Stock Performance

NYSEARCA:SPGP remained flat at $102.48 during trading hours on Thursday. The company’s stock had a trading volume of 362,606 shares, compared to its average volume of 305,240. Invesco S&P 500 GARP ETF has a 52-week low of $86.16 and a 52-week high of $107.06. The stock has a market capitalization of $4.88 billion, a PE ratio of 15.92 and a beta of 0.97. The firm’s fifty day simple moving average is $102.64 and its 200-day simple moving average is $100.82.

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.