Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Reaches New 1-Year High – Should You Buy?

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $122.18 and last traded at $122.17, with a volume of 3684 shares traded. The stock had previously closed at $120.39.

Invesco S&P 500 GARP ETF Stock Performance

The company has a market cap of $2.30 billion, a price-to-earnings ratio of 16.90 and a beta of 0.96. The business has a fifty day moving average price of $116.70 and a 200 day moving average price of $114.81.

Hedge Funds Weigh In On Invesco S&P 500 GARP ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its holdings in Invesco S&P 500 GARP ETF by 19.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 449,537 shares of the company’s stock worth $51,184,000 after purchasing an additional 74,711 shares in the last quarter. Modern Wealth Management LLC increased its holdings 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 worth $27,668,000 after purchasing an additional 210,823 shares in the last quarter. Campbell Deegan Wealth Management LLC increased its holdings in Invesco S&P 500 GARP ETF by 3.1% in the 4th quarter. Campbell Deegan Wealth Management LLC now owns 193,630 shares of the company’s stock worth $22,047,000 after purchasing an additional 5,843 shares in the last quarter. Wealthcare Advisory Partners LLC increased its holdings in Invesco S&P 500 GARP ETF by 3.0% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 187,916 shares of the company’s stock worth $21,351,000 after purchasing an additional 5,486 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in Invesco S&P 500 GARP ETF by 1.3% in the 1st quarter. Royal Bank of Canada now owns 179,510 shares of the company’s stock worth $19,318,000 after purchasing an additional 2,312 shares in the last quarter.

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.