Sound Income Strategies LLC Purchases Shares of 260 Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

Sound Income Strategies LLC acquired a new position in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 260 shares of the company’s stock, valued at approximately $28,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Morgan Stanley boosted its stake in Invesco S&P 500 GARP ETF by 20.0% during the third 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 in the last quarter. Envestnet Asset Management Inc. boosted its stake in 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 in the last quarter. Retirement Planning Group LLC boosted its stake in Invesco S&P 500 GARP ETF by 1.9% during the fourth quarter. Retirement Planning Group LLC now owns 1,228,028 shares of the company’s stock worth $120,396,000 after buying an additional 23,041 shares in the last quarter. Fifth Third Bancorp boosted its stake in Invesco S&P 500 GARP ETF by 10.7% during the fourth quarter. Fifth Third Bancorp now owns 1,218,843 shares of the company’s stock worth $119,495,000 after buying an additional 117,633 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Invesco S&P 500 GARP ETF by 15.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,165,962 shares of the company’s stock valued at $114,311,000 after acquiring an additional 151,991 shares during the period.

Invesco S&P 500 GARP ETF Stock Performance

Shares of NYSEARCA SPGP opened at $102.48 on Friday. The stock has a market cap of $4.88 billion, a PE ratio of 15.92 and a beta of 0.97. The business has a fifty day moving average of $102.64 and a two-hundred day moving average of $100.82. Invesco S&P 500 GARP ETF has a 52-week low of $86.16 and a 52-week high of $107.06.

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.