Invesco S&P 500 GARP ETF (NYSEARCA:SPGP – Get Free Report) was the recipient of a large drop in short interest in February. As of February 27th, there was short interest totaling 16,028 shares, a drop of 46.6% from the February 12th total of 30,013 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 80,905 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 80,905 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.
Institutional Trading of Invesco S&P 500 GARP ETF
A number of institutional investors have recently made changes to their positions in SPGP. Modern Wealth Management LLC raised its stake in Invesco S&P 500 GARP ETF by 644.9% in the 3rd quarter. Modern Wealth Management LLC now owns 243,512 shares of the company’s stock valued at $27,668,000 after purchasing an additional 210,823 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in Invesco S&P 500 GARP ETF during the 2nd quarter worth $19,560,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco S&P 500 GARP ETF by 19.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 449,537 shares of the company’s stock worth $51,184,000 after buying an additional 74,711 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Invesco S&P 500 GARP ETF by 115.6% during the third quarter. BNP Paribas Financial Markets now owns 130,000 shares of the company’s stock worth $14,771,000 after buying an additional 69,709 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Invesco S&P 500 GARP ETF by 915.2% in the first quarter. Goldman Sachs Group Inc. now owns 43,696 shares of the company’s stock valued at $4,364,000 after buying an additional 39,392 shares during the last quarter.
Invesco S&P 500 GARP ETF Trading Down 0.4%
NYSEARCA:SPGP traded down $0.44 during trading hours on Friday, hitting $108.08. 115,134 shares of the stock were exchanged, compared to its average volume of 90,935. Invesco S&P 500 GARP ETF has a 52-week low of $84.13 and a 52-week high of $118.08. The firm’s fifty day moving average price is $115.18 and its 200 day moving average price is $113.75. The company has a market cap of $2.26 billion, a P/E ratio of 16.90 and a beta of 1.00.
Invesco S&P 500 GARP ETF Company Profile
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.
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