HighTower Advisors LLC Invests $55.43 Million in Invesco S&P MidCap 400 GARP ETF $GRPM

HighTower Advisors LLC purchased a new position in shares of Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 461,904 shares of the company’s stock, valued at approximately $55,433,000. HighTower Advisors LLC owned approximately 10.92% of Invesco S&P MidCap 400 GARP ETF at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in GRPM. Goldman Sachs Group Inc. increased its position in shares of Invesco S&P MidCap 400 GARP ETF by 59.0% during the first quarter. Goldman Sachs Group Inc. now owns 15,903 shares of the company’s stock worth $1,665,000 after purchasing an additional 5,903 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Invesco S&P MidCap 400 GARP ETF by 925.3% during the second quarter. NewEdge Advisors LLC now owns 2,758 shares of the company’s stock valued at $301,000 after buying an additional 2,489 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of Invesco S&P MidCap 400 GARP ETF during the second quarter valued at $201,000. Modern Wealth Management LLC grew its holdings in shares of Invesco S&P MidCap 400 GARP ETF by 18.9% during the second quarter. Modern Wealth Management LLC now owns 31,864 shares of the company’s stock valued at $3,482,000 after buying an additional 5,060 shares during the last quarter. Finally, MML Investors Services LLC grew its holdings in shares of Invesco S&P MidCap 400 GARP ETF by 21.5% during the second quarter. MML Investors Services LLC now owns 5,367 shares of the company’s stock valued at $587,000 after buying an additional 949 shares during the last quarter.

Invesco S&P MidCap 400 GARP ETF Price Performance

Shares of GRPM opened at $126.49 on Thursday. The firm has a market capitalization of $489.52 million, a PE ratio of 13.88 and a beta of 1.02. Invesco S&P MidCap 400 GARP ETF has a 1-year low of $101.93 and a 1-year high of $128.42. The company’s fifty day moving average price is $121.85 and its 200-day moving average price is $121.43.

Invesco S&P MidCap 400 GARP ETF Company Profile

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.