Truist Financial Corp Lowers Stake in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

Truist Financial Corp cut its stake in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 34.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 127,846 shares of the company’s stock after selling 65,962 shares during the quarter. Truist Financial Corp owned about 0.27% of Invesco S&P 500 GARP ETF worth $13,140,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in SPGP. Envestnet Asset Management Inc. lifted its position 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 valued at $191,432,000 after acquiring an additional 643,044 shares during the last quarter. Scarborough Advisors LLC acquired a new stake in shares of Invesco S&P 500 GARP ETF in the 4th quarter worth $27,703,000. Raymond James Financial Services Advisors Inc. grew its stake in Invesco S&P 500 GARP ETF by 18.7% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,388,101 shares of the company’s stock worth $142,669,000 after buying an additional 218,760 shares during the last quarter. Kestra Advisory Services LLC increased its position in Invesco S&P 500 GARP ETF by 54.4% during the 4th quarter. Kestra Advisory Services LLC now owns 474,308 shares of the company’s stock valued at $46,501,000 after buying an additional 167,194 shares in the last quarter. Finally, Investment Planning Advisors Inc. purchased a new stake in Invesco S&P 500 GARP ETF in the second quarter valued at about $12,650,000.

Invesco S&P 500 GARP ETF Stock Performance

Shares of SPGP stock opened at $106.55 on Friday. Invesco S&P 500 GARP ETF has a fifty-two week low of $86.16 and a fifty-two week high of $107.06. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of 15.92 and a beta of 0.97. The stock’s 50-day simple moving average is $102.09 and its 200-day simple moving average is $102.88.

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.