Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Sees Strong Trading Volume – Here’s What Happened

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) shares saw unusually-strong trading volume on Monday . 223,175 shares traded hands during trading, an increase of 157% from the previous session’s volume of 86,801 shares.The stock last traded at $122.0060 and had previously closed at $121.09.

Invesco S&P 500 GARP ETF Trading Up 0.8%

The company has a market cap of $2.19 billion, a P/E ratio of 16.90 and a beta of 0.95. The business has a 50 day moving average price of $125.15 and a 200-day moving average price of $119.31.

Institutional Trading of Invesco S&P 500 GARP ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. WESCAP Management Group Inc. grew its position in shares of Invesco S&P 500 GARP ETF by 4.6% in the 4th quarter. WESCAP Management Group Inc. now owns 121,827 shares of the company’s stock valued at $13,871,000 after acquiring an additional 5,355 shares during the period. Harbour Investments Inc. raised its holdings in shares of Invesco S&P 500 GARP ETF by 246.0% in the 4th quarter. Harbour Investments Inc. now owns 13,425 shares of the company’s stock valued at $1,529,000 after purchasing an additional 9,545 shares during the period. Lido Advisors LLC bought a new stake in shares of Invesco S&P 500 GARP ETF in the 1st quarter valued at about $453,000. Thrivent Financial for Lutherans acquired a new stake in Invesco S&P 500 GARP ETF in the 4th quarter valued at about $2,925,000. Finally, Marble Wealth LLC acquired a new stake in Invesco S&P 500 GARP ETF in the 4th quarter valued at about $3,891,000.

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.