Financial Advocates Investment Management Buys Shares of 10,653 Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM)

Financial Advocates Investment Management purchased a new stake in shares of Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,653 shares of the company’s stock, valued at approximately $1,247,000. Financial Advocates Investment Management owned approximately 0.31% of Invesco S&P MidCap 400 GARP ETF at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Cetera Investment Advisers bought a new stake in shares of Invesco S&P MidCap 400 GARP ETF during the first quarter valued at approximately $6,991,000. Private Advisor Group LLC increased its stake in Invesco S&P MidCap 400 GARP ETF by 1,323.4% in the 2nd quarter. Private Advisor Group LLC now owns 24,738 shares of the company’s stock worth $2,830,000 after acquiring an additional 23,000 shares during the last quarter. Cornerstone Wealth Management LLC bought a new position in shares of Invesco S&P MidCap 400 GARP ETF during the 2nd quarter valued at about $2,107,000. Commonwealth Equity Services LLC bought a new position in shares of Invesco S&P MidCap 400 GARP ETF during the 1st quarter valued at about $1,672,000. Finally, Envestnet Asset Management Inc. grew its position in Invesco S&P MidCap 400 GARP ETF by 60.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 36,526 shares of the company’s stock worth $4,179,000 after acquiring an additional 13,830 shares during the last quarter.

Invesco S&P MidCap 400 GARP ETF Stock Performance

NYSEARCA GRPM opened at $114.65 on Friday. The stock has a market cap of $398.98 million, a P/E ratio of 11.81 and a beta of 1.14. The stock has a 50 day simple moving average of $115.82 and a two-hundred day simple moving average of $115.74. Invesco S&P MidCap 400 GARP ETF has a fifty-two week low of $84.75 and a fifty-two week high of $123.94.

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.