Beacon Financial Planning Inc. Sells 122 Shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

Beacon Financial Planning Inc. lowered its stake in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,239 shares of the company’s stock after selling 122 shares during the quarter. Invesco S&P 500 GARP ETF makes up approximately 1.5% of Beacon Financial Planning Inc.’s investment portfolio, making the stock its 15th largest position. Beacon Financial Planning Inc. owned 0.05% of Invesco S&P 500 GARP ETF worth $2,647,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Grange Capital LLC bought a new position in Invesco S&P 500 GARP ETF in the 4th quarter valued at approximately $17,245,000. Flagship Harbor Advisors LLC bought a new position in shares of Invesco S&P 500 GARP ETF in the 3rd quarter valued at $9,526,000. HighTower Advisors LLC boosted its holdings in shares of Invesco S&P 500 GARP ETF by 22.6% during the 3rd quarter. HighTower Advisors LLC now owns 239,668 shares of the company’s stock valued at $25,084,000 after acquiring an additional 44,237 shares in the last quarter. Howard Financial Services LTD. grew its position in Invesco S&P 500 GARP ETF by 12.9% during the 4th quarter. Howard Financial Services LTD. now owns 311,312 shares of the company’s stock worth $32,650,000 after acquiring an additional 35,495 shares during the last quarter. Finally, Raymond James & Associates increased its holdings in Invesco S&P 500 GARP ETF by 8.6% in the 3rd quarter. Raymond James & Associates now owns 428,511 shares of the company’s stock worth $44,852,000 after purchasing an additional 33,934 shares in the last quarter.

Invesco S&P 500 GARP ETF Trading Up 1.1 %

Shares of SPGP stock opened at $108.72 on Wednesday. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 15.92 and a beta of 0.97. The business’s 50-day moving average price is $108.43 and its 200-day moving average price is $105.75. Invesco S&P 500 GARP ETF has a 12 month low of $95.02 and a 12 month high of $112.90.

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.