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

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $119.62 and last traded at $119.49, with a volume of 14620 shares traded. The stock had previously closed at $118.25.

Invesco S&P 500 GARP ETF Stock Up 0.5%

The stock has a 50-day simple moving average of $113.76 and a 200-day simple moving average of $113.97. The firm has a market capitalization of $2.27 billion, a PE ratio of 16.90 and a beta of 0.97.

Institutional Trading of Invesco S&P 500 GARP ETF

Several hedge funds have recently made changes to their positions in SPGP. AQR Capital Management LLC bought a new stake in shares of Invesco S&P 500 GARP ETF in the first quarter valued at $337,000. Goldman Sachs Group Inc. lifted its stake in shares of Invesco S&P 500 GARP ETF by 915.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 43,696 shares of the company’s stock valued at $4,364,000 after buying an additional 39,392 shares in the last quarter. Franklin Resources Inc. purchased a new stake in shares of Invesco S&P 500 GARP ETF during the 2nd quarter valued at approximately $34,000. Cerity Partners LLC purchased a new stake in shares of Invesco S&P 500 GARP ETF during the 2nd quarter valued at approximately $4,174,000. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Invesco S&P 500 GARP ETF during the 2nd quarter valued at approximately $225,000.

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.