Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM – Get Free Report) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 1,256 shares, a drop of 60.1% from the August 15th total of 3,148 shares. Based on an average trading volume of 5,124 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.
Invesco S&P MidCap 400 GARP ETF Trading Up 0.0%
GRPM opened at $140.35 on Friday. The stock has a fifty day moving average price of $139.08 and a 200 day moving average price of $129.32. Invesco S&P MidCap 400 GARP ETF has a 1 year low of $112.44 and a 1 year high of $146.45. The stock has a market cap of $498.24 million, a price-to-earnings ratio of 13.88 and a beta of 1.01.
Institutional Investors Weigh In On Invesco S&P MidCap 400 GARP ETF
Institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco S&P MidCap 400 GARP ETF by 507.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 702,706 shares of the company’s stock worth $84,332,000 after buying an additional 587,112 shares during the last quarter. HighTower Advisors LLC acquired a new stake in Invesco S&P MidCap 400 GARP ETF in the fourth quarter valued at approximately $55,433,000. GW Henssler & Associates Ltd. acquired a new stake in Invesco S&P MidCap 400 GARP ETF in the fourth quarter valued at approximately $20,222,000. Bank of America Corp DE lifted its stake in Invesco S&P MidCap 400 GARP ETF by 49.9% in the first quarter. Bank of America Corp DE now owns 144,156 shares of the company’s stock valued at $17,044,000 after acquiring an additional 47,957 shares during the last quarter. Finally, LPL Financial LLC grew its position in Invesco S&P MidCap 400 GARP ETF by 3.8% in the fourth quarter. LPL Financial LLC now owns 127,504 shares of the company’s stock worth $15,302,000 after acquiring an additional 4,709 shares in the last quarter.
About Invesco S&P MidCap 400 GARP ETF
The Invesco S&P MidCap 400 GARP ETF (GRPM) is an exchange-traded fund that is based on the S&P MidCap 400 GARP index. The fund tracks an index of US mid-cap growth stocks with perceived quality and value characteristics. GRPM was launched on Dec 8, 2010 and is issued by Invesco.
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