Breakwater Capital Group Sells 3,344 Shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

Breakwater Capital Group cut its holdings in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 7.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,963 shares of the company’s stock after selling 3,344 shares during the quarter. Invesco S&P 500 GARP ETF accounts for approximately 0.9% of Breakwater Capital Group’s holdings, making the stock its 25th largest position. Breakwater Capital Group owned approximately 0.09% of Invesco S&P 500 GARP ETF worth $4,602,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC bought a new position in shares of Invesco S&P 500 GARP ETF during the 2nd quarter valued at $25,000. Sound Income Strategies LLC bought a new position in shares of Invesco S&P 500 GARP ETF during the 1st quarter valued at $28,000. Pineridge Advisors LLC bought a new position in shares of Invesco S&P 500 GARP ETF during the 1st quarter valued at $31,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Invesco S&P 500 GARP ETF during the 2nd quarter valued at $35,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Invesco S&P 500 GARP ETF in the 2nd quarter worth $37,000.

Invesco S&P 500 GARP ETF Price Performance

Shares of NYSEARCA:SPGP traded up $1.30 during midday trading on Friday, hitting $106.55. The company had a trading volume of 124,940 shares, compared to its average volume of 295,788. The company has a market cap of $5.07 billion, a price-to-earnings ratio of 15.92 and a beta of 0.97. Invesco S&P 500 GARP ETF has a 12-month low of $86.16 and a 12-month high of $107.06. The company has a fifty day moving average of $102.09 and a two-hundred day moving average of $102.88.

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.