Modern Wealth Management LLC decreased its stake in shares of Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM – Free Report) by 90.2% in the third quarter, Holdings Channel reports. The institutional investor owned 3,112 shares of the company’s stock after selling 28,752 shares during the quarter. Modern Wealth Management LLC’s holdings in Invesco S&P MidCap 400 GARP ETF were worth $375,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in GRPM. Steward Partners Investment Advisory LLC purchased a new stake in shares of Invesco S&P MidCap 400 GARP ETF in the second quarter worth $161,000. EP Wealth Advisors LLC purchased a new position in shares of Invesco S&P MidCap 400 GARP ETF in the 2nd quarter worth about $201,000. Harbor Group Inc. purchased a new position in shares of Invesco S&P MidCap 400 GARP ETF in the 3rd quarter worth about $217,000. Compass Capital Corp MA ADV bought a new position in Invesco S&P MidCap 400 GARP ETF in the 3rd quarter worth about $252,000. Finally, NewEdge Advisors LLC boosted its stake in Invesco S&P MidCap 400 GARP ETF by 925.3% in the 2nd quarter. NewEdge Advisors LLC now owns 2,758 shares of the company’s stock worth $301,000 after purchasing an additional 2,489 shares in the last quarter.
Invesco S&P MidCap 400 GARP ETF Stock Performance
NYSEARCA:GRPM opened at $119.12 on Wednesday. The firm has a market cap of $503.88 million, a P/E ratio of 13.88 and a beta of 1.11. Invesco S&P MidCap 400 GARP ETF has a fifty-two week low of $89.15 and a fifty-two week high of $125.69. The firm has a 50-day simple moving average of $122.60 and a two-hundred day simple moving average of $120.68.
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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