Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Reaches New 12-Month High – Time to Buy?

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) reached a new 52-week high during trading on Tuesday . The company traded as high as $117.95 and last traded at $117.72, with a volume of 8704 shares trading hands. The stock had previously closed at $117.43.

Invesco S&P 500 GARP ETF Stock Down 0.2%

The company’s fifty day moving average price is $115.34 and its two-hundred day moving average price is $113.09. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 16.90 and a beta of 1.00.

Institutional Trading of Invesco S&P 500 GARP ETF

Hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. bought a new stake in Invesco S&P 500 GARP ETF in the second quarter valued at approximately $34,000. Root Financial Partners LLC purchased a new position in shares of Invesco S&P 500 GARP ETF in the 3rd quarter valued at approximately $36,000. GGM Financials LLC purchased a new position in Invesco S&P 500 GARP ETF during the third quarter valued at $42,000. Optiver Holding B.V. purchased a new stake in Invesco S&P 500 GARP ETF during the 3rd quarter valued at $65,000. Finally, Elevated Capital Advisors LLC bought a new stake in shares of Invesco S&P 500 GARP ETF in the fourth quarter worth approximately $78,000.

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.