Hickory Asset Management Inc. Takes $2.75 Million Position in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

Hickory Asset Management Inc. bought a new stake in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 26,230 shares of the company’s stock, valued at approximately $2,751,000. Invesco S&P 500 GARP ETF comprises about 2.3% of Hickory Asset Management Inc.’s investment portfolio, making the stock its 12th biggest holding. Hickory Asset Management Inc. owned approximately 0.06% of Invesco S&P 500 GARP ETF as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in SPGP. CHB Investment Group LLC acquired a new stake in Invesco S&P 500 GARP ETF during the third quarter worth about $2,688,000. Stratos Wealth Partners LTD. grew its stake in shares of Invesco S&P 500 GARP ETF by 3.7% in the third quarter. Stratos Wealth Partners LTD. now owns 227,668 shares of the company’s stock valued at $23,830,000 after buying an additional 8,112 shares in the last quarter. Raymond James & Associates grew its stake in shares of Invesco S&P 500 GARP ETF by 8.6% in the third quarter. Raymond James & Associates now owns 428,511 shares of the company’s stock valued at $44,852,000 after buying an additional 33,934 shares in the last quarter. Longview Financial Advisors Inc. grew its stake in shares of Invesco S&P 500 GARP ETF by 0.9% in the third quarter. Longview Financial Advisors Inc. now owns 102,401 shares of the company’s stock valued at $10,718,000 after buying an additional 912 shares in the last quarter. Finally, Financial Designs Corp boosted its holdings in Invesco S&P 500 GARP ETF by 5.8% in the third quarter. Financial Designs Corp now owns 66,381 shares of the company’s stock valued at $6,948,000 after purchasing an additional 3,626 shares during the last quarter.

Invesco S&P 500 GARP ETF Stock Performance

Shares of SPGP opened at $107.82 on Friday. The company has a market capitalization of $5.13 billion, a P/E ratio of 15.92 and a beta of 0.97. Invesco S&P 500 GARP ETF has a one year low of $95.02 and a one year high of $112.90. The stock has a 50-day moving average price of $107.81 and a 200 day moving average price of $105.99.

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.