Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Hits New 52-Week High – Here’s Why

Shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $122.72 and last traded at $122.72, with a volume of 25421 shares. The stock had previously closed at $121.72.

Invesco S&P 500 GARP ETF Stock Up 1.1%

The company has a market capitalization of $2.32 billion, a P/E ratio of 16.90 and a beta of 0.96. The business has a fifty day moving average price of $118.50 and a 200 day moving average price of $115.36.

Institutional Investors Weigh In On Invesco S&P 500 GARP ETF

Several institutional investors have recently bought and sold shares of SPGP. Sunbelt Securities Inc. grew its stake in shares of Invesco S&P 500 GARP ETF by 4.2% during the 1st quarter. Sunbelt Securities Inc. now owns 2,162 shares of the company’s stock worth $233,000 after acquiring an additional 88 shares in the last quarter. Walled Lake Planning & Wealth Management LLC boosted its holdings in Invesco S&P 500 GARP ETF by 1.4% during the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 6,606 shares of the company’s stock worth $752,000 after purchasing an additional 88 shares during the last quarter. Opal Wealth Advisors LLC grew its position in Invesco S&P 500 GARP ETF by 4.2% in the fourth quarter. Opal Wealth Advisors LLC now owns 2,487 shares of the company’s stock valued at $283,000 after purchasing an additional 100 shares in the last quarter. Visionary Wealth Advisors increased its stake in Invesco S&P 500 GARP ETF by 0.8% in the 2nd quarter. Visionary Wealth Advisors now owns 16,960 shares of the company’s stock valued at $1,827,000 after buying an additional 128 shares during the last quarter. Finally, Darwin Wealth Management LLC increased its stake in Invesco S&P 500 GARP ETF by 6.1% in the 4th quarter. Darwin Wealth Management LLC now owns 2,230 shares of the company’s stock valued at $254,000 after buying an additional 129 shares during the last quarter.

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.