Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Sees Large Volume Increase – Should You Buy?

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) saw strong trading volume on Thursday . 173,291 shares traded hands during trading, a decline of 9% from the previous session’s volume of 190,261 shares.The stock last traded at $112.5450 and had previously closed at $112.64.

Invesco S&P 500 GARP ETF Price Performance

The business’s fifty day simple moving average is $112.98 and its two-hundred day simple moving average is $108.72. The company has a market cap of $2.55 billion, a PE ratio of 16.90 and a beta of 1.00.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Modern Wealth Management LLC increased its position in shares of Invesco S&P 500 GARP ETF by 644.9% during the 3rd quarter. Modern Wealth Management LLC now owns 243,512 shares of the company’s stock worth $27,668,000 after purchasing an additional 210,823 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Invesco S&P 500 GARP ETF during the second quarter worth about $19,560,000. BNP Paribas Financial Markets boosted its stake in shares of Invesco S&P 500 GARP ETF by 115.6% in the third quarter. BNP Paribas Financial Markets now owns 130,000 shares of the company’s stock valued at $14,771,000 after purchasing an additional 69,709 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Invesco S&P 500 GARP ETF by 915.2% in the first quarter. Goldman Sachs Group Inc. now owns 43,696 shares of the company’s stock valued at $4,364,000 after purchasing an additional 39,392 shares in the last quarter. Finally, Cerity Partners LLC acquired a new position in shares of Invesco S&P 500 GARP ETF in the second quarter valued at approximately $4,174,000.

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.