U.S. Capital Wealth Advisors LLC Sells 7,445 Shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

U.S. Capital Wealth Advisors LLC reduced its holdings in shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 25.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,880 shares of the company’s stock after selling 7,445 shares during the quarter. U.S. Capital Wealth Advisors LLC owned approximately 0.07% of Invesco S&P 500 GARP ETF worth $2,185,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SPGP. Wood Tarver Financial Group LLC lifted its holdings in shares of Invesco S&P 500 GARP ETF by 7.8% during the first quarter. Wood Tarver Financial Group LLC now owns 80,513 shares of the company’s stock worth $8,042,000 after buying an additional 5,851 shares in the last quarter. Summit Financial Consulting LLC bought a new position in Invesco S&P 500 GARP ETF in the first quarter valued at about $308,000. World Investment Advisors grew its position in Invesco S&P 500 GARP ETF by 8.6% in the first quarter. World Investment Advisors now owns 51,209 shares of the company’s stock valued at $5,115,000 after acquiring an additional 4,035 shares during the last quarter. Silver Oak Securities Incorporated grew its position in Invesco S&P 500 GARP ETF by 8.9% in the first quarter. Silver Oak Securities Incorporated now owns 21,257 shares of the company’s stock valued at $2,105,000 after acquiring an additional 1,735 shares during the last quarter. Finally, D.A. Davidson & CO. grew its holdings in shares of Invesco S&P 500 GARP ETF by 8.7% during the first quarter. D.A. Davidson & CO. now owns 40,401 shares of the company’s stock worth $4,035,000 after purchasing an additional 3,233 shares during the last quarter.

Invesco S&P 500 GARP ETF Trading Up 0.5%

NYSEARCA:SPGP opened at $108.43 on Wednesday. The stock has a market cap of $2.83 billion, a P/E ratio of 15.95 and a beta of 1.11. The stock’s 50-day moving average is $103.39 and its 200-day moving average is $102.76. Invesco S&P 500 GARP ETF has a 1-year low of $84.13 and a 1-year high of $112.90.

Invesco S&P 500 GARP ETF 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.