Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Sees Strong Trading Volume – Should You Buy?

Invesco S&P 500 GARP ETF (NYSEARCA:SPGPGet Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 336,922 shares traded hands during mid-day trading, an increase of 32% from the previous session’s volume of 254,656 shares.The stock last traded at $101.52 and had previously closed at $101.30.

Invesco S&P 500 GARP ETF Stock Down 0.2 %

The company has a 50-day moving average of $106.13 and a 200 day moving average of $106.32. The stock has a market capitalization of $3.38 billion, a PE ratio of 15.02 and a beta of 1.10.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Assetmark Inc. grew its position in shares of Invesco S&P 500 GARP ETF by 352.8% in the third quarter. Assetmark Inc. now owns 326 shares of the company’s stock valued at $34,000 after purchasing an additional 254 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Invesco S&P 500 GARP ETF by 34.1% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 393 shares of the company’s stock valued at $41,000 after buying an additional 100 shares in the last quarter. Synergy Investment Management LLC acquired a new stake in shares of Invesco S&P 500 GARP ETF in the 4th quarter worth $42,000. Transce3nd LLC purchased a new position in shares of Invesco S&P 500 GARP ETF during the 4th quarter worth $43,000. Finally, CIBC Private Wealth Group LLC boosted its position in shares of Invesco S&P 500 GARP ETF by 39.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 578 shares of the company’s stock valued at $61,000 after acquiring an additional 163 shares during the last quarter.

Invesco S&P 500 GARP ETF Company Profile

(Get Free Report)

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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