Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Sets New 1-Year High – Here’s Why

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $124.74 and last traded at $124.74, with a volume of 121853 shares. The stock had previously closed at $124.38.

Invesco S&P 500 GARP ETF Stock Up 0.3%

The stock has a market capitalization of $2.23 billion, a P/E ratio of 16.90 and a beta of 0.96. The firm’s 50-day simple moving average is $119.12 and its 200 day simple moving average is $115.67.

Institutional Trading of Invesco S&P 500 GARP ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. acquired a new stake in Invesco S&P 500 GARP ETF during the second quarter valued at approximately $34,000. Sarver Vrooman Wealth Advisors acquired a new position in Invesco S&P 500 GARP ETF in the fourth quarter worth approximately $38,000. Arax Advisory Partners bought a new position in shares of Invesco S&P 500 GARP ETF in the fourth quarter valued at $58,000. Elevated Capital Advisors LLC acquired a new stake in shares of Invesco S&P 500 GARP ETF during the 4th quarter valued at $78,000. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in shares of Invesco S&P 500 GARP ETF during the 1st quarter valued at $87,000.

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.