Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Sets New 12-Month High – What’s Next?

Posted by Jared Coughlin on Nov 6th, 2024

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP – Get Free Report)’s share price hit a new 52-week high on Wednesday . The company traded as high as $110.17 and last traded at $110.17, with a volume of 1501 shares traded. The stock had previously closed at $106.40.

Invesco S&P 500 GARP ETF Stock Up 4.3 %

The business’s 50-day simple moving average is $104.19 and its two-hundred day simple moving average is $103.08. The firm has a market cap of $5.28 billion, a price-to-earnings ratio of 15.92 and a beta of 0.97.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SPGP. 9258 Wealth Management LLC acquired a new position in shares of Invesco S&P 500 GARP ETF during the 1st quarter worth about $229,000. Advisory Services Network LLC raised its position in shares of Invesco S&P 500 GARP ETF by 31.9% during the 1st quarter. Advisory Services Network LLC now owns 34,491 shares of the company’s stock worth $3,673,000 after purchasing an additional 8,336 shares during the last quarter. VitalStone Financial LLC acquired a new position in shares of Invesco S&P 500 GARP ETF during the 1st quarter worth about $135,000. HBC Financial Services PLLC raised its position in shares of Invesco S&P 500 GARP ETF by 76.5% during the 1st quarter. HBC Financial Services PLLC now owns 812 shares of the company’s stock worth $80,000 after purchasing an additional 352 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of Invesco S&P 500 GARP ETF by 38.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 184,667 shares of the company’s stock worth $19,665,000 after purchasing an additional 51,158 shares during the last quarter.

About Invesco S&P 500 GARP ETF

(Get Free Report)

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.