Gateway Advisory LLC raised its position in Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM – Free Report) by 5.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,656 shares of the company’s stock after buying an additional 1,603 shares during the quarter. Gateway Advisory LLC owned 0.97% of Invesco S&P MidCap 400 GARP ETF worth $3,851,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in GRPM. Cape Investment Advisory Inc. acquired a new stake in shares of Invesco S&P MidCap 400 GARP ETF in the first quarter valued at approximately $32,000. PSI Advisors LLC raised its holdings in Invesco S&P MidCap 400 GARP ETF by 170.2% in the 2nd quarter. PSI Advisors LLC now owns 554 shares of the company’s stock valued at $63,000 after acquiring an additional 349 shares in the last quarter. Aspire Wealth Management Corp acquired a new stake in shares of Invesco S&P MidCap 400 GARP ETF during the 1st quarter worth $64,000. Capital Investment Advisory Services LLC acquired a new stake in shares of Invesco S&P MidCap 400 GARP ETF during the 1st quarter worth $80,000. Finally, Foundations Investment Advisors LLC acquired a new position in Invesco S&P MidCap 400 GARP ETF in the second quarter valued at about $211,000.
Invesco S&P MidCap 400 GARP ETF Stock Up 0.6 %
Shares of Invesco S&P MidCap 400 GARP ETF stock opened at $117.43 on Tuesday. Invesco S&P MidCap 400 GARP ETF has a 12-month low of $81.86 and a 12-month high of $123.94. The company has a market capitalization of $408.66 million, a price-to-earnings ratio of 11.81 and a beta of 1.14. The firm’s 50-day moving average price is $115.69 and its two-hundred day moving average price is $115.85.
About Invesco S&P MidCap 400 GARP ETF
The Invesco S&P MidCap 400 GARP ETF (GRPM) is an exchange-traded fund that is based on the S&P MidCap 400 GARP index. The fund tracks an index of US mid-cap growth stocks with perceived quality and value characteristics. GRPM was launched on Dec 8, 2010 and is issued by Invesco.
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