Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Sees Strong Trading Volume – Here’s What Happened

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) shares saw strong trading volume on Monday . Approximately 223,175 shares traded hands during trading, an increase of 157% from the previous session’s volume of 86,801 shares.The stock last traded at $122.0060 and had previously closed at $121.09.

Invesco S&P 500 GARP ETF Stock Up 0.8%

The stock has a fifty day moving average of $125.15 and a 200-day moving average of $119.31. The firm has a market capitalization of $2.19 billion, a P/E ratio of 16.90 and a beta of 0.95.

Institutional Trading of Invesco S&P 500 GARP ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in SPGP. WESCAP Management Group Inc. boosted its stake in shares of Invesco S&P 500 GARP ETF by 4.6% during the 4th quarter. WESCAP Management Group Inc. now owns 121,827 shares of the company’s stock worth $13,871,000 after buying an additional 5,355 shares during the last quarter. Harbour Investments Inc. increased its position in shares of Invesco S&P 500 GARP ETF by 246.0% in the fourth quarter. Harbour Investments Inc. now owns 13,425 shares of the company’s stock valued at $1,529,000 after acquiring an additional 9,545 shares during the last quarter. Lido Advisors LLC acquired a new stake in shares of Invesco S&P 500 GARP ETF in the first quarter valued at about $453,000. Thrivent Financial for Lutherans bought a new stake in Invesco S&P 500 GARP ETF during the fourth quarter worth about $2,925,000. Finally, Marble Wealth LLC bought a new stake in Invesco S&P 500 GARP ETF during the fourth quarter worth about $3,891,000.

Invesco S&P 500 GARP ETF Company Profile

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.