Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Sets New 1-Year High – Here’s What Happened

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $125.89 and last traded at $125.88, with a volume of 16857 shares. The stock had previously closed at $123.56.

Invesco S&P 500 GARP ETF Stock Performance

The firm has a fifty day moving average price of $121.14 and a 200 day moving average price of $116.57. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 16.90 and a beta of 0.96.

Institutional Trading of Invesco S&P 500 GARP ETF

A number of large investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. acquired a new stake in Invesco S&P 500 GARP ETF in the second quarter valued at $34,000. Sarver Vrooman Wealth Advisors acquired a new position in shares of Invesco S&P 500 GARP ETF during the 4th quarter worth about $38,000. Arax Advisory Partners acquired a new position in shares of Invesco S&P 500 GARP ETF during the 4th quarter worth about $58,000. Elevated Capital Advisors LLC bought a new stake in shares of Invesco S&P 500 GARP ETF in the 4th quarter valued at about $78,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in shares of Invesco S&P 500 GARP ETF in the 1st quarter valued at about $87,000.

About Invesco S&P 500 GARP ETF

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.