Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) Hits New 1-Year High – Time to Buy?

Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) reached a new 52-week high during trading on Monday. The stock traded as high as $147.66 and last traded at $147.2690, with a volume of 886 shares trading hands. The stock had previously closed at $144.72.

Invesco S&P MidCap 400 GARP ETF Price Performance

The firm’s 50-day moving average is $141.15 and its 200-day moving average is $130.57. The company has a market capitalization of $638.43 million, a P/E ratio of 13.88 and a beta of 1.03.

Hedge Funds Weigh In On Invesco S&P MidCap 400 GARP ETF

Several large investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. increased its stake in shares of Invesco S&P MidCap 400 GARP ETF by 27.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 711 shares of the company’s stock worth $85,000 after purchasing an additional 151 shares in the last quarter. Root Financial Partners LLC bought a new position in shares of Invesco S&P MidCap 400 GARP ETF in the third quarter worth about $94,000. Courage Miller Partners LLC bought a new position in shares of Invesco S&P MidCap 400 GARP ETF in the third quarter worth about $269,000. Main Street Group LTD grew its position in shares of Invesco S&P MidCap 400 GARP ETF by 76.2% during the first quarter. Main Street Group LTD now owns 3,078 shares of the company’s stock worth $364,000 after purchasing an additional 1,331 shares in the last quarter. Finally, SeedSafe Financial LLC purchased a new stake in shares of Invesco S&P MidCap 400 GARP ETF during the second quarter worth about $425,000.

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.