Commonwealth Equity Services LLC Makes New Investment in Invesco S&P 500 GARP ETF $SPGP

Commonwealth Equity Services LLC purchased a new stake in shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 167,727 shares of the company’s stock, valued at approximately $19,929,000.

Several other large investors have also recently modified their holdings of SPGP. Root Financial Partners LLC purchased a new position in shares of Invesco S&P 500 GARP ETF in the 3rd quarter worth about $33,000. Continuum Advisory LLC bought a new position in Invesco S&P 500 GARP ETF in the 2nd quarter worth about $108,000. Western Wealth Management LLC bought a new position in Invesco S&P 500 GARP ETF in the 1st quarter worth about $127,000. Sunbelt Securities Inc. grew its position in Invesco S&P 500 GARP ETF by 4.2% during the 1st quarter. Sunbelt Securities Inc. now owns 2,162 shares of the company’s stock valued at $233,000 after purchasing an additional 88 shares during the last quarter. Finally, Tactive Advisors LLC grew its position in Invesco S&P 500 GARP ETF by 4.0% during the 3rd quarter. Tactive Advisors LLC now owns 2,306 shares of the company’s stock valued at $274,000 after purchasing an additional 89 shares during the last quarter.

Invesco S&P 500 GARP ETF Stock Performance

Shares of SPGP stock opened at $127.36 on Tuesday. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 16.90 and a beta of 0.94. Invesco S&P 500 GARP ETF has a one year low of $103.86 and a one year high of $129.64. The company’s 50-day moving average is $122.54 and its 200 day moving average is $119.38.

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.