Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Reaches New 1-Year High – Should You Buy?

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $122.18 and last traded at $122.17, with a volume of 3684 shares traded. The stock had previously closed at $120.39.

Invesco S&P 500 GARP ETF Stock Performance

The business has a fifty day simple moving average of $116.70 and a 200-day simple moving average of $114.81. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 16.90 and a beta of 0.96.

Institutional Investors Weigh In On Invesco S&P 500 GARP ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. acquired a new stake in shares of Invesco S&P 500 GARP ETF in the second quarter valued at about $34,000. Sarver Vrooman Wealth Advisors bought a new stake in shares of Invesco S&P 500 GARP ETF during the 4th quarter valued at about $38,000. GGM Financials LLC bought a new stake in shares of Invesco S&P 500 GARP ETF during the 3rd quarter valued at about $42,000. Arax Advisory Partners bought a new stake in shares of Invesco S&P 500 GARP ETF during the 4th quarter valued at about $58,000. Finally, Optiver Holding B.V. bought a new stake in shares of Invesco S&P 500 GARP ETF during the 3rd quarter valued at about $65,000.

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.