Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Sees Unusually-High Trading Volume

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) shares saw strong trading volume on Wednesday . 1,007,551 shares traded hands during trading, an increase of 239% from the previous session’s volume of 297,043 shares.The stock last traded at $103.11 and had previously closed at $102.94.

Invesco S&P 500 GARP ETF Stock Performance

The firm has a market cap of $4.91 billion, a price-to-earnings ratio of 15.92 and a beta of 0.97. The business’s 50 day moving average price is $101.92 and its 200-day moving average price is $102.71.

Institutional Investors Weigh In On Invesco S&P 500 GARP ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Kingsview Wealth Management LLC raised its stake in shares of Invesco S&P 500 GARP ETF by 23.7% in the 4th quarter. Kingsview Wealth Management LLC now owns 5,628 shares of the company’s stock valued at $552,000 after acquiring an additional 1,077 shares in the last quarter. Brown Advisory Inc. boosted its holdings in Invesco S&P 500 GARP ETF by 7.7% during the fourth quarter. Brown Advisory Inc. now owns 15,892 shares of the company’s stock valued at $1,558,000 after purchasing an additional 1,141 shares in the last quarter. TrinityPoint Wealth LLC raised its holdings in shares of Invesco S&P 500 GARP ETF by 65.5% in the 4th quarter. TrinityPoint Wealth LLC now owns 113,895 shares of the company’s stock worth $11,166,000 after buying an additional 45,094 shares in the last quarter. UBS Group AG lifted its holdings in Invesco S&P 500 GARP ETF by 5.6% during the 4th quarter. UBS Group AG now owns 363,383 shares of the company’s stock valued at $35,626,000 after purchasing an additional 19,391 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC grew its stake in Invesco S&P 500 GARP ETF by 8.0% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 17,174 shares of the company’s stock worth $1,684,000 after buying an additional 1,267 shares during the last quarter.

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.