Invesco S&P 500 GARP ETF (NYSEARCA:SPGP – Get Free Report) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 20,854 shares, a decrease of 86.9% from the August 15th total of 158,927 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 65,335 shares, the days-to-cover ratio is currently 0.3 days.
Invesco S&P 500 GARP ETF Stock Up 1.0%
SPGP traded up $1.17 during midday trading on Friday, hitting $122.56. 17,879 shares of the company traded hands, compared to its average volume of 86,680. The company’s 50-day moving average is $125.39 and its 200 day moving average is $119.02. Invesco S&P 500 GARP ETF has a 52 week low of $103.86 and a 52 week high of $129.64. The firm has a market capitalization of $2.20 billion, a PE ratio of 16.90 and a beta of 0.95.
Hedge Funds Weigh In On Invesco S&P 500 GARP ETF
Institutional investors and hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. purchased a new position in Invesco S&P 500 GARP ETF during the second quarter valued at $34,000. Sarver Vrooman Wealth Advisors bought a new position in shares of Invesco S&P 500 GARP ETF during the fourth quarter worth $38,000. Arax Advisory Partners bought a new position in shares of Invesco S&P 500 GARP ETF during the 4th quarter valued at about $58,000. Merkkuri Wealth Advisors LLC purchased a new position in Invesco S&P 500 GARP ETF during the 1st quarter valued at approximately $87,000. Finally, National Bank of Canada FI grew its holdings in shares of Invesco S&P 500 GARP ETF by 56.6% in the third quarter. National Bank of Canada FI now owns 830 shares of the company’s stock valued at $94,000 after purchasing an additional 300 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.
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