Avantax Advisory Services Inc. lowered its holdings in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP – Free Report) by 48.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,886 shares of the company’s stock after selling 98,510 shares during the period. Avantax Advisory Services Inc.’s holdings in Invesco S&P 500 GARP ETF were worth $11,210,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in Invesco S&P 500 GARP ETF in the 4th quarter worth about $175,549,000. Grange Capital LLC acquired a new position in shares of Invesco S&P 500 GARP ETF in the 4th quarter valued at about $17,245,000. Citizens Financial Group Inc. RI purchased a new stake in shares of Invesco S&P 500 GARP ETF in the fourth quarter worth approximately $7,827,000. Sovran Advisors LLC acquired a new stake in shares of Invesco S&P 500 GARP ETF during the fourth quarter worth approximately $6,013,000. Finally, HighTower Advisors LLC grew its position in Invesco S&P 500 GARP ETF by 22.6% during the third quarter. HighTower Advisors LLC now owns 239,668 shares of the company’s stock valued at $25,084,000 after purchasing an additional 44,237 shares in the last quarter.
Invesco S&P 500 GARP ETF Stock Performance
Invesco S&P 500 GARP ETF stock opened at $98.42 on Thursday. Invesco S&P 500 GARP ETF has a twelve month low of $95.02 and a twelve month high of $112.90. The firm has a market cap of $3.28 billion, a PE ratio of 15.02 and a beta of 1.10. The firm’s 50 day moving average price is $106.76 and its two-hundred day moving average price is $106.46.
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.
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