LPL Financial LLC Increases Stock Holdings in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

LPL Financial LLC boosted its holdings in shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 3.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,639,864 shares of the company’s stock after buying an additional 109,896 shares during the period. LPL Financial LLC owned approximately 7.65% of Invesco S&P 500 GARP ETF worth $374,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its holdings in Invesco S&P 500 GARP ETF by 49.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,952,588 shares of the company’s stock valued at $191,432,000 after purchasing an additional 643,044 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Invesco S&P 500 GARP ETF by 18.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,388,101 shares of the company’s stock worth $142,669,000 after buying an additional 218,760 shares during the last quarter. Fifth Third Bancorp grew its holdings in Invesco S&P 500 GARP ETF by 1.4% during the second quarter. Fifth Third Bancorp now owns 1,314,431 shares of the company’s stock worth $135,097,000 after acquiring an additional 17,717 shares during the period. Retirement Planning Group LLC raised its position in Invesco S&P 500 GARP ETF by 2.5% during the second quarter. Retirement Planning Group LLC now owns 1,256,364 shares of the company’s stock valued at $129,129,000 after acquiring an additional 31,185 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in Invesco S&P 500 GARP ETF by 9.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 608,542 shares of the company’s stock valued at $64,804,000 after acquiring an additional 51,493 shares during the period.

Invesco S&P 500 GARP ETF Price Performance

NYSEARCA:SPGP opened at $99.15 on Wednesday. The company has a 50 day moving average price of $102.03 and a 200-day moving average price of $102.71. Invesco S&P 500 GARP ETF has a 1-year low of $86.16 and a 1-year high of $107.06. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 15.92 and a beta of 0.97.

About Invesco S&P 500 GARP ETF

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.