Institute for Wealth Management LLC. Decreases Stock Position in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

Institute for Wealth Management LLC. cut its holdings in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,900 shares of the company’s stock after selling 123 shares during the period. Institute for Wealth Management LLC.’s holdings in Invesco S&P 500 GARP ETF were worth $578,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Venturi Wealth Management LLC acquired a new position in Invesco S&P 500 GARP ETF in the 4th quarter valued at about $25,000. JFS Wealth Advisors LLC purchased a new stake in Invesco S&P 500 GARP ETF in the 3rd quarter valued at approximately $26,000. HBC Financial Services PLLC purchased a new stake in Invesco S&P 500 GARP ETF in the 3rd quarter valued at approximately $31,000. Signaturefd LLC acquired a new position in Invesco S&P 500 GARP ETF in the 3rd quarter valued at $31,000. Finally, Thompson Investment Management Inc. acquired a new position in Invesco S&P 500 GARP ETF in the 4th quarter valued at $35,000.

Invesco S&P 500 GARP ETF Stock Performance

Shares of SPGP opened at $100.07 on Friday. The stock has a fifty day moving average of $102.64 and a two-hundred day moving average of $96.87. The company has a market capitalization of $4.70 billion, a PE ratio of 15.75 and a beta of 0.98. Invesco S&P 500 GARP ETF has a fifty-two week low of $83.14 and a fifty-two week high of $107.06.

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.