Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Hits New 52-Week High – Here’s Why

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) shares hit a new 52-week high on Tuesday . The company traded as high as $117.95 and last traded at $117.72, with a volume of 8704 shares trading hands. The stock had previously closed at $117.43.

Invesco S&P 500 GARP ETF Stock Down 0.2%

The stock’s fifty day moving average price is $115.34 and its 200 day moving average price is $113.09. The stock has a market cap of $2.45 billion, a PE ratio of 16.90 and a beta of 1.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Coppell Advisory Solutions LLC bought a new position in Invesco S&P 500 GARP ETF in the 2nd quarter worth approximately $859,000. Farther Finance Advisors LLC increased its position in Invesco S&P 500 GARP ETF by 77.9% in the third quarter. Farther Finance Advisors LLC now owns 16,783 shares of the company’s stock worth $1,907,000 after purchasing an additional 7,347 shares during the period. Ethos Financial Group LLC bought a new position in Invesco S&P 500 GARP ETF during the third quarter worth about $938,000. Wedbush Securities Inc. bought a new position in shares of Invesco S&P 500 GARP ETF during the second quarter worth $203,000. Finally, Brookstone Capital Management increased its holdings in shares of Invesco S&P 500 GARP ETF by 16.6% in the second quarter. Brookstone Capital Management now owns 8,574 shares of the company’s stock worth $923,000 after acquiring an additional 1,223 shares in the last quarter.

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.