Beacon Financial Planning Inc. Sells 122 Shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

Beacon Financial Planning Inc. lessened its stake in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 0.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 25,239 shares of the company’s stock after selling 122 shares during the period. Invesco S&P 500 GARP ETF comprises about 1.5% of Beacon Financial Planning Inc.’s investment portfolio, making the stock its 15th largest position. Beacon Financial Planning Inc.’s holdings in Invesco S&P 500 GARP ETF were worth $2,647,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Moisand Fitzgerald Tamayo LLC boosted its position in Invesco S&P 500 GARP ETF by 778.6% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 246 shares of the company’s stock valued at $26,000 after acquiring an additional 218 shares during the last quarter. Assetmark Inc. boosted its position in shares of Invesco S&P 500 GARP ETF by 352.8% during the 3rd quarter. Assetmark Inc. now owns 326 shares of the company’s stock valued at $34,000 after purchasing an additional 254 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Invesco S&P 500 GARP ETF by 34.1% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 393 shares of the company’s stock worth $41,000 after purchasing an additional 100 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in Invesco S&P 500 GARP ETF by 180.2% in the third quarter. Venturi Wealth Management LLC now owns 706 shares of the company’s stock worth $74,000 after purchasing an additional 454 shares in the last quarter. Finally, Continuum Advisory LLC lifted its stake in Invesco S&P 500 GARP ETF by 6,852.9% in the third quarter. Continuum Advisory LLC now owns 1,182 shares of the company’s stock valued at $130,000 after buying an additional 1,165 shares during the period.

Invesco S&P 500 GARP ETF Stock Up 1.1 %

Shares of SPGP stock opened at $108.72 on Wednesday. The firm has a 50 day moving average of $108.43 and a 200-day moving average of $105.75. The company has a market cap of $5.17 billion, a price-to-earnings ratio of 15.92 and a beta of 0.97. Invesco S&P 500 GARP ETF has a 52 week low of $95.02 and a 52 week high of $112.90.

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.