Modern Wealth Management LLC Sells 28,752 Shares of Invesco S&P MidCap 400 GARP ETF $GRPM

Modern Wealth Management LLC lessened its stake in shares of Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) by 90.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,112 shares of the company’s stock after selling 28,752 shares during the quarter. Modern Wealth Management LLC owned about 0.08% of Invesco S&P MidCap 400 GARP ETF worth $375,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of GRPM. Steward Partners Investment Advisory LLC bought a new position in shares of Invesco S&P MidCap 400 GARP ETF in the second quarter valued at approximately $161,000. EP Wealth Advisors LLC bought a new stake in Invesco S&P MidCap 400 GARP ETF during the 2nd quarter worth approximately $201,000. Harbor Group Inc. purchased a new stake in Invesco S&P MidCap 400 GARP ETF in the 3rd quarter worth approximately $217,000. Compass Capital Corp MA ADV purchased a new stake in Invesco S&P MidCap 400 GARP ETF in the 3rd quarter worth approximately $252,000. Finally, NewEdge Advisors LLC boosted its holdings in Invesco S&P MidCap 400 GARP ETF by 925.3% in the 2nd quarter. NewEdge Advisors LLC now owns 2,758 shares of the company’s stock valued at $301,000 after purchasing an additional 2,489 shares during the period.

Invesco S&P MidCap 400 GARP ETF Price Performance

GRPM opened at $119.12 on Wednesday. The company has a fifty day moving average price of $122.60 and a 200-day moving average price of $120.68. The firm has a market capitalization of $503.88 million, a P/E ratio of 13.88 and a beta of 1.11. Invesco S&P MidCap 400 GARP ETF has a one year low of $89.15 and a one year high of $125.69.

Invesco S&P MidCap 400 GARP ETF Profile

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.