Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Sets New 1-Year High – Here’s Why

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $124.74 and last traded at $124.74, with a volume of 121853 shares traded. The stock had previously closed at $124.38.

Invesco S&P 500 GARP ETF Stock Down 1.2%

The company has a market cap of $2.20 billion, a price-to-earnings ratio of 16.90 and a beta of 0.96. The business has a 50-day simple moving average of $119.41 and a two-hundred day simple moving average of $115.82.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Guardian Capital LLC acquired a new position in Invesco S&P 500 GARP ETF during the 4th quarter valued at $3,037,000. Elevation Capital Advisory LLC increased its holdings in shares of Invesco S&P 500 GARP ETF by 89.2% during the 4th quarter. Elevation Capital Advisory LLC now owns 62,520 shares of the company’s stock worth $7,119,000 after purchasing an additional 29,477 shares during the period. WESCAP Management Group Inc. increased its holdings in shares of Invesco S&P 500 GARP ETF by 4.6% during the 4th quarter. WESCAP Management Group Inc. now owns 121,827 shares of the company’s stock worth $13,871,000 after purchasing an additional 5,355 shares during the period. Belpointe Asset Management LLC raised its position in shares of Invesco S&P 500 GARP ETF by 208.1% during the fourth quarter. Belpointe Asset Management LLC now owns 17,308 shares of the company’s stock valued at $1,971,000 after buying an additional 11,690 shares during the last quarter. Finally, HighTower Advisors LLC lifted its stake in shares of Invesco S&P 500 GARP ETF by 6.9% in the fourth quarter. HighTower Advisors LLC now owns 97,649 shares of the company’s stock valued at $11,118,000 after buying an additional 6,313 shares during the period.

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.