Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Holdings Cut by Spinnaker Trust

Spinnaker Trust decreased its stake in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 38.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,198 shares of the company’s stock after selling 2,013 shares during the quarter. Spinnaker Trust’s holdings in Invesco S&P 500 GARP ETF were worth $335,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPGP. Grange Capital LLC purchased a new stake in Invesco S&P 500 GARP ETF in the 4th quarter worth approximately $17,245,000. Flagship Harbor Advisors LLC purchased a new stake in Invesco S&P 500 GARP ETF in the 3rd quarter worth approximately $9,526,000. Sovran Advisors LLC purchased a new stake in Invesco S&P 500 GARP ETF in the 4th quarter worth approximately $6,013,000. HighTower Advisors LLC lifted its position in Invesco S&P 500 GARP ETF by 22.6% in the 3rd quarter. HighTower Advisors LLC now owns 239,668 shares of the company’s stock worth $25,084,000 after buying an additional 44,237 shares in the last quarter. Finally, Howard Financial Services LTD. raised its holdings in shares of Invesco S&P 500 GARP ETF by 12.9% during the 4th quarter. Howard Financial Services LTD. now owns 311,312 shares of the company’s stock valued at $32,650,000 after purchasing an additional 35,495 shares in the last quarter.

Invesco S&P 500 GARP ETF Trading Up 0.4 %

Invesco S&P 500 GARP ETF stock opened at $107.82 on Friday. The company has a market capitalization of $5.13 billion, a P/E ratio of 15.92 and a beta of 0.97. The firm’s fifty day simple moving average is $107.75 and its 200-day simple moving average is $106.03. Invesco S&P 500 GARP ETF has a 1-year low of $95.02 and a 1-year high of $112.90.

Invesco S&P 500 GARP ETF 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.