Kovack Advisors Inc. Has $611,000 Stock Holdings in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

Kovack Advisors Inc. lifted its position in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 12.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,228 shares of the company’s stock after acquiring an additional 673 shares during the period. Kovack Advisors Inc.’s holdings in Invesco S&P 500 GARP ETF were worth $611,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Morgan Stanley raised its position in shares of Invesco S&P 500 GARP ETF by 20.0% in the 3rd quarter. Morgan Stanley now owns 4,986,125 shares of the company’s stock valued at $454,934,000 after acquiring an additional 832,388 shares during the period. LPL Financial LLC raised its position in shares of Invesco S&P 500 GARP ETF by 50.1% in the 3rd quarter. LPL Financial LLC now owns 2,670,278 shares of the company’s stock valued at $243,636,000 after acquiring an additional 891,343 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Invesco S&P 500 GARP ETF by 30.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,309,544 shares of the company’s stock valued at $119,483,000 after acquiring an additional 306,394 shares during the period. Retirement Planning Group LLC raised its position in shares of Invesco S&P 500 GARP ETF by 1.9% in the 4th quarter. Retirement Planning Group LLC now owns 1,228,028 shares of the company’s stock valued at $120,396,000 after acquiring an additional 23,041 shares during the period. Finally, Fifth Third Bancorp raised its holdings in Invesco S&P 500 GARP ETF by 10.7% during the 4th quarter. Fifth Third Bancorp now owns 1,218,843 shares of the company’s stock worth $119,495,000 after buying an additional 117,633 shares during the period.

Invesco S&P 500 GARP ETF Stock Performance

Shares of SPGP stock opened at $102.11 on Friday. The company has a market capitalization of $4.80 billion, a P/E ratio of 15.75 and a beta of 0.98. The company’s 50 day moving average price is $102.92 and its two-hundred day moving average price is $97.32. Invesco S&P 500 GARP ETF has a 52 week low of $83.52 and a 52 week high of $107.06.

Invesco S&P 500 GARP ETF Profile

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.