Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) Hits New 52-Week High – Should You Buy?

Shares of Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) reached a new 52-week high during mid-day trading on Monday. The company traded as high as $147.66 and last traded at $147.2690, with a volume of 886 shares changing hands. The stock had previously closed at $144.72.

Invesco S&P MidCap 400 GARP ETF Price Performance

The stock has a market cap of $627.58 million, a price-to-earnings ratio of 13.88 and a beta of 1.03. The firm has a fifty day moving average of $141.06 and a 200 day moving average of $130.32.

Institutional Investors Weigh In On Invesco S&P MidCap 400 GARP ETF

Hedge funds have recently modified their holdings of the company. Rockefeller Capital Management L.P. raised its stake in Invesco S&P MidCap 400 GARP ETF by 27.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 711 shares of the company’s stock worth $85,000 after purchasing an additional 151 shares during the period. Root Financial Partners LLC acquired a new position in Invesco S&P MidCap 400 GARP ETF in the 3rd quarter valued at about $94,000. Courage Miller Partners LLC purchased a new stake in shares of Invesco S&P MidCap 400 GARP ETF in the 3rd quarter valued at approximately $269,000. Main Street Group LTD grew its stake in shares of Invesco S&P MidCap 400 GARP ETF by 76.2% in the 1st quarter. Main Street Group LTD now owns 3,078 shares of the company’s stock valued at $364,000 after buying an additional 1,331 shares during the period. Finally, SeedSafe Financial LLC purchased a new stake in shares of Invesco S&P MidCap 400 GARP ETF in the 2nd quarter valued at approximately $425,000.

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.