Wealth Management Resources Inc. Decreases Stake in Invesco S&P 500 GARP ETF $SPGP

Wealth Management Resources Inc. lowered its position in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 35.8% during the second quarter, HoldingsChannel reports. The firm owned 11,403 shares of the company’s stock after selling 6,349 shares during the period. Invesco S&P 500 GARP ETF comprises 0.4% of Wealth Management Resources Inc.’s holdings, making the stock its 24th biggest position. Wealth Management Resources Inc.’s holdings in Invesco S&P 500 GARP ETF were worth $1,228,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPGP. GPS Wealth Strategies Group LLC lifted its holdings in Invesco S&P 500 GARP ETF by 31.4% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 904 shares of the company’s stock valued at $90,000 after purchasing an additional 216 shares in the last quarter. CVA Family Office LLC increased its stake in shares of Invesco S&P 500 GARP ETF by 395.0% in the 1st quarter. CVA Family Office LLC now owns 2,762 shares of the company’s stock worth $276,000 after acquiring an additional 2,204 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Invesco S&P 500 GARP ETF by 4.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 142,009 shares of the company’s stock worth $14,184,000 after acquiring an additional 6,657 shares during the last quarter. 1900 Wealth Management LLC increased its stake in shares of Invesco S&P 500 GARP ETF by 12.6% in the 1st quarter. 1900 Wealth Management LLC now owns 72,518 shares of the company’s stock worth $7,243,000 after acquiring an additional 8,138 shares during the last quarter. Finally, Sagespring Wealth Partners LLC increased its stake in shares of Invesco S&P 500 GARP ETF by 16.2% in the 1st quarter. Sagespring Wealth Partners LLC now owns 19,834 shares of the company’s stock worth $1,981,000 after acquiring an additional 2,769 shares during the last quarter.

Invesco S&P 500 GARP ETF Stock Down 2.8%

Shares of SPGP opened at $110.97 on Friday. Invesco S&P 500 GARP ETF has a 52-week low of $84.13 and a 52-week high of $115.88. The company has a market capitalization of $2.59 billion, a PE ratio of 16.90 and a beta of 1.11. The stock has a fifty day simple moving average of $112.18 and a two-hundred day simple moving average of $105.44.

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.