Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Shares Sold by 49 Wealth Management LLC

49 Wealth Management LLC reduced its stake in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 37.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,327 shares of the company’s stock after selling 10,312 shares during the period. 49 Wealth Management LLC’s holdings in Invesco S&P 500 GARP ETF were worth $1,814,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. lifted its position in Invesco S&P 500 GARP ETF by 18.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,388,101 shares of the company’s stock valued at $142,669,000 after acquiring an additional 218,760 shares during the last quarter. Investment Planning Advisors Inc. purchased a new stake in shares of Invesco S&P 500 GARP ETF in the second quarter valued at about $12,650,000. Sanctuary Advisors LLC acquired a new stake in shares of Invesco S&P 500 GARP ETF during the second quarter worth about $12,091,000. LPL Financial LLC boosted its stake in shares of Invesco S&P 500 GARP ETF by 3.1% in the second quarter. LPL Financial LLC now owns 3,639,864 shares of the company’s stock valued at $374,105,000 after buying an additional 109,896 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in Invesco S&P 500 GARP ETF in the third quarter worth $9,526,000.

Invesco S&P 500 GARP ETF Stock Performance

Shares of NYSEARCA SPGP opened at $110.42 on Friday. Invesco S&P 500 GARP ETF has a one year low of $92.26 and a one year high of $111.19. The firm has a market capitalization of $5.25 billion, a P/E ratio of 15.92 and a beta of 0.97. The company’s fifty day moving average is $106.26 and its two-hundred day moving average is $103.78.

Invesco S&P 500 GARP ETF Company 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.