Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Hits New 52-Week High – Time to Buy?

Invesco S&P 500 GARP ETF (NYSEARCA:SPGPGet Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as $119.62 and last traded at $119.49, with a volume of 14620 shares traded. The stock had previously closed at $118.25.

Invesco S&P 500 GARP ETF Price Performance

The firm has a market capitalization of $2.26 billion, a P/E ratio of 16.90 and a beta of 0.97. The company’s 50-day simple moving average is $113.31 and its two-hundred day simple moving average is $113.84.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. raised its position in Invesco S&P 500 GARP ETF by 4.2% in the first quarter. Sunbelt Securities Inc. now owns 2,162 shares of the company’s stock worth $233,000 after acquiring an additional 88 shares during the period. Walled Lake Planning & Wealth Management LLC raised its position in Invesco S&P 500 GARP ETF by 1.4% in the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 6,606 shares of the company’s stock worth $752,000 after acquiring an additional 88 shares during the period. Opal Wealth Advisors LLC raised its position in shares of Invesco S&P 500 GARP ETF by 4.2% during the 4th quarter. Opal Wealth Advisors LLC now owns 2,487 shares of the company’s stock valued at $283,000 after purchasing an additional 100 shares during the period. Visionary Wealth Advisors raised its position in shares of Invesco S&P 500 GARP ETF by 0.8% during the 2nd quarter. Visionary Wealth Advisors now owns 16,960 shares of the company’s stock valued at $1,827,000 after purchasing an additional 128 shares during the period. Finally, Darwin Wealth Management LLC raised its position in shares of Invesco S&P 500 GARP ETF by 6.1% during the 4th quarter. Darwin Wealth Management LLC now owns 2,230 shares of the company’s stock valued at $254,000 after purchasing an additional 129 shares during the period.

About Invesco S&P 500 GARP ETF

(Get Free Report)

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.

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