Hickory Asset Management Inc. Makes New Investment in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

Hickory Asset Management Inc. bought a new position in shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) during the fourth quarter, HoldingsChannel reports. The firm bought 26,230 shares of the company’s stock, valued at approximately $2,751,000. Invesco S&P 500 GARP ETF makes up about 2.3% of Hickory Asset Management Inc.’s holdings, making the stock its 12th biggest holding.

Several other hedge funds have also made changes to their positions in the stock. Assetmark Inc. increased its position in Invesco S&P 500 GARP ETF by 352.8% in the 3rd quarter. Assetmark Inc. now owns 326 shares of the company’s stock valued at $34,000 after acquiring an additional 254 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in Invesco S&P 500 GARP ETF by 34.1% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 393 shares of the company’s stock valued at $41,000 after acquiring an additional 100 shares during the period. Venturi Wealth Management LLC increased its position in Invesco S&P 500 GARP ETF by 180.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 706 shares of the company’s stock valued at $74,000 after acquiring an additional 454 shares during the period. Continuum Advisory LLC increased its position in Invesco S&P 500 GARP ETF by 6,852.9% in the 3rd quarter. Continuum Advisory LLC now owns 1,182 shares of the company’s stock valued at $130,000 after acquiring an additional 1,165 shares during the period. Finally, Sunbelt Securities Inc. acquired a new stake in Invesco S&P 500 GARP ETF in the 3rd quarter valued at approximately $170,000.

Invesco S&P 500 GARP ETF Price Performance

SPGP opened at $107.82 on Friday. Invesco S&P 500 GARP ETF has a 12 month low of $95.02 and a 12 month high of $112.90. The stock has a market cap of $5.13 billion, a P/E ratio of 15.92 and a beta of 0.97. The stock’s 50 day moving average price is $107.81 and its 200 day moving average price is $105.99.

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.