Scarborough Advisors LLC Makes New Investment in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

Scarborough Advisors LLC purchased a new stake in shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 68,625 shares of the company’s stock, valued at approximately $6,728,000. Invesco S&P 500 GARP ETF comprises about 1.4% of Scarborough Advisors LLC’s investment portfolio, making the stock its 21st biggest holding. Scarborough Advisors LLC owned about 0.20% of Invesco S&P 500 GARP ETF at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC raised its position in shares of Invesco S&P 500 GARP ETF by 50.1% during the third quarter. LPL Financial LLC now owns 2,670,278 shares of the company’s stock worth $243,636,000 after acquiring an additional 891,343 shares during the last quarter. Morgan Stanley grew its position in shares of Invesco S&P 500 GARP ETF by 20.0% during the 3rd quarter. Morgan Stanley now owns 4,986,125 shares of the company’s stock worth $454,934,000 after buying an additional 832,388 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Invesco S&P 500 GARP ETF by 49.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,952,588 shares of the company’s stock worth $191,432,000 after buying an additional 643,044 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Invesco S&P 500 GARP ETF by 109.5% in the fourth quarter. Wells Fargo & Company MN now owns 523,727 shares of the company’s stock valued at $51,346,000 after buying an additional 273,734 shares during the period. Finally, Kestra Advisory Services LLC boosted its stake in Invesco S&P 500 GARP ETF by 54.4% in the fourth quarter. Kestra Advisory Services LLC now owns 474,308 shares of the company’s stock valued at $46,501,000 after acquiring an additional 167,194 shares during the last quarter.

Invesco S&P 500 GARP ETF Stock Performance

SPGP opened at $102.40 on Monday. The company has a fifty day moving average price of $102.76 and a two-hundred day moving average price of $100.33. The firm has a market capitalization of $4.87 billion, a PE ratio of 15.92 and a beta of 0.97. Invesco S&P 500 GARP ETF has a 52 week low of $86.16 and a 52 week high of $107.06.

Invesco S&P 500 GARP ETF 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.