Merit Financial Group LLC Purchases Shares of 62,283 Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM)

Merit Financial Group LLC acquired a new position in shares of Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 62,283 shares of the company’s stock, valued at approximately $7,022,000. Merit Financial Group LLC owned about 1.79% of Invesco S&P MidCap 400 GARP ETF as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. 626 Financial LLC lifted its position in Invesco S&P MidCap 400 GARP ETF by 112.8% during the fourth quarter. 626 Financial LLC now owns 46,658 shares of the company’s stock valued at $5,261,000 after buying an additional 24,737 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Invesco S&P MidCap 400 GARP ETF by 24.1% in the 2nd quarter. Cetera Investment Advisers now owns 72,151 shares of the company’s stock valued at $8,255,000 after acquiring an additional 14,026 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Invesco S&P MidCap 400 GARP ETF by 60.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 36,526 shares of the company’s stock valued at $4,179,000 after acquiring an additional 13,830 shares in the last quarter. Harbour Investments Inc. boosted its position in Invesco S&P MidCap 400 GARP ETF by 1,665.7% during the 3rd quarter. Harbour Investments Inc. now owns 13,490 shares of the company’s stock worth $1,579,000 after purchasing an additional 12,726 shares during the period. Finally, Lionsbridge Wealth Management LLC acquired a new stake in Invesco S&P MidCap 400 GARP ETF in the 3rd quarter valued at $1,290,000.

Invesco S&P MidCap 400 GARP ETF Price Performance

Shares of GRPM opened at $117.22 on Friday. Invesco S&P MidCap 400 GARP ETF has a 12 month low of $95.24 and a 12 month high of $127.48. The stock has a market cap of $407.93 million, a PE ratio of 11.81 and a beta of 1.14. The stock’s 50-day moving average is $118.28 and its two-hundred day moving average is $116.89.

Invesco S&P MidCap 400 GARP ETF Company Profile

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.