Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) Sees Unusually-High Trading Volume – Time to Buy?

Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) saw unusually-high trading volume on Tuesday. Approximately 285,912 shares were traded during mid-day trading, an increase of 1,685% from the previous session’s volume of 16,013 shares. The stock last traded at $142.7890 and had previously closed at $140.59.

Invesco S&P MidCap 400 GARP ETF Trading Up 0.5%

The stock has a market cap of $524.72 million, a price-to-earnings ratio of 13.88 and a beta of 1.03. The firm’s 50-day moving average is $140.90 and its two-hundred day moving average is $133.27.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GRPM. Rockefeller Capital Management L.P. boosted its position in shares of Invesco S&P MidCap 400 GARP ETF by 27.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 711 shares of the company’s stock valued at $85,000 after acquiring an additional 151 shares during the last quarter. Courage Miller Partners LLC acquired a new position in shares of Invesco S&P MidCap 400 GARP ETF in the 3rd quarter valued at $269,000. Main Street Group LTD boosted its stake in Invesco S&P MidCap 400 GARP ETF by 76.2% during the first quarter. Main Street Group LTD now owns 3,078 shares of the company’s stock worth $364,000 after buying an additional 1,331 shares during the period. SeedSafe Financial LLC purchased a new position in shares of Invesco S&P MidCap 400 GARP ETF during the 2nd quarter worth approximately $425,000. Finally, Sigma Planning Corp boosted its position in shares of Invesco S&P MidCap 400 GARP ETF by 2.4% during the first quarter. Sigma Planning Corp now owns 11,835 shares of the company’s stock worth $1,399,000 after buying an additional 277 shares during the period.

Invesco S&P MidCap 400 GARP ETF Company Profile

The Invesco S&P MidCap 400 GARP ETF (GRPM) is an exchange-traded fund that is based on the S&P MidCap 400 GARP index. The fund tracks an index of US mid-cap growth stocks with perceived quality and value characteristics. GRPM was launched on Dec 8, 2010 and is issued by Invesco.