Northwestern Mutual Wealth Management Co. Boosts Stake in Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM)

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) by 8.3% in the second quarter, HoldingsChannel.com reports. The firm owned 122,199 shares of the company’s stock after acquiring an additional 9,319 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Invesco S&P MidCap 400 GARP ETF were worth $13,981,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GRPM. Gateway Advisory LLC boosted its position in shares of Invesco S&P MidCap 400 GARP ETF by 5.0% during the 2nd quarter. Gateway Advisory LLC now owns 33,656 shares of the company’s stock worth $3,851,000 after purchasing an additional 1,603 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Invesco S&P MidCap 400 GARP ETF by 60.9% during the second quarter. Envestnet Asset Management Inc. now owns 36,526 shares of the company’s stock worth $4,179,000 after buying an additional 13,830 shares during the period. Thoroughbred Financial Services LLC boosted its position in shares of Invesco S&P MidCap 400 GARP ETF by 100.2% during the second quarter. Thoroughbred Financial Services LLC now owns 11,321 shares of the company’s stock worth $1,295,000 after buying an additional 5,667 shares during the period. Private Advisor Group LLC grew its stake in shares of Invesco S&P MidCap 400 GARP ETF by 1,323.4% in the second quarter. Private Advisor Group LLC now owns 24,738 shares of the company’s stock valued at $2,830,000 after buying an additional 23,000 shares in the last quarter. Finally, Foundations Investment Advisors LLC purchased a new stake in shares of Invesco S&P MidCap 400 GARP ETF in the 2nd quarter valued at $211,000.

Invesco S&P MidCap 400 GARP ETF Price Performance

Shares of Invesco S&P MidCap 400 GARP ETF stock opened at $116.18 on Wednesday. The stock has a market capitalization of $404.31 million, a price-to-earnings ratio of 11.81 and a beta of 1.14. The business has a 50-day moving average of $115.27 and a 200 day moving average of $115.92. Invesco S&P MidCap 400 GARP ETF has a 12 month low of $81.86 and a 12 month high of $123.94.

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.