Northwestern Mutual Wealth Management Co. raised its position in Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM – Free Report) by 507.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 702,706 shares of the company’s stock after purchasing an additional 587,112 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.17% of Invesco S&P MidCap 400 GARP ETF worth $84,332,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GRPM. Flagship Harbor Advisors LLC purchased a new stake in Invesco S&P MidCap 400 GARP ETF in the fourth quarter valued at approximately $85,000. EP Wealth Advisors LLC purchased a new stake in Invesco S&P MidCap 400 GARP ETF in the second quarter valued at approximately $201,000. Compass Capital Corp MA ADV purchased a new stake in Invesco S&P MidCap 400 GARP ETF in the third quarter valued at approximately $252,000. NewEdge Advisors LLC raised its position in Invesco S&P MidCap 400 GARP ETF by 925.3% in the second quarter. NewEdge Advisors LLC now owns 2,758 shares of the company’s stock valued at $301,000 after purchasing an additional 2,489 shares during the period. Finally, Triad Wealth Partners LLC purchased a new stake in Invesco S&P MidCap 400 GARP ETF in the fourth quarter valued at approximately $323,000.
Invesco S&P MidCap 400 GARP ETF Price Performance
Shares of NYSEARCA GRPM opened at $124.08 on Monday. The business’s 50 day moving average is $121.50 and its two-hundred day moving average is $121.30. The firm has a market cap of $480.19 million, a price-to-earnings ratio of 13.88 and a beta of 1.02. Invesco S&P MidCap 400 GARP ETF has a 52-week low of $101.93 and a 52-week high of $128.42.
Invesco S&P MidCap 400 GARP ETF Profile
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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