Finward Bancorp bought a new stake in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP – Free Report) during the third quarter, Holdings Channel reports. The fund bought 19,434 shares of the company’s stock, valued at approximately $2,309,000. Invesco S&P 500 GARP ETF comprises about 1.6% of Finward Bancorp’s investment portfolio, making the stock its 17th biggest position.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Merkkuri Wealth Advisors LLC purchased a new position in shares of Invesco S&P 500 GARP ETF in the 1st quarter worth about $87,000. Continuum Advisory LLC purchased a new stake in shares of Invesco S&P 500 GARP ETF during the 2nd quarter worth about $108,000. Western Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 GARP ETF during the 1st quarter worth about $127,000. Bayban purchased a new stake in shares of Invesco S&P 500 GARP ETF during the 4th quarter worth about $171,000. Finally, Sunbelt Securities Inc. grew its holdings in shares of Invesco S&P 500 GARP ETF by 4.2% during the 1st quarter. Sunbelt Securities Inc. now owns 2,162 shares of the company’s stock worth $233,000 after purchasing an additional 88 shares during the period.
Invesco S&P 500 GARP ETF Stock Performance
SPGP traded down $0.91 on Wednesday, reaching $121.62. 117,152 shares of the company’s stock were exchanged, compared to its average volume of 86,980. Invesco S&P 500 GARP ETF has a twelve month low of $103.86 and a twelve month high of $129.64. The company’s 50 day moving average is $124.02 and its 200-day moving average is $120.54. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 16.90 and a beta of 0.95.
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.
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