Synovus Financial Corp Sells 16,554 Shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

Synovus Financial Corp lowered its stake in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 33.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,585 shares of the company’s stock after selling 16,554 shares during the period. Synovus Financial Corp owned approximately 0.07% of Invesco S&P 500 GARP ETF worth $3,524,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of SPGP. Sagespring Wealth Partners LLC purchased a new stake in Invesco S&P 500 GARP ETF during the 4th quarter valued at $1,790,000. Renaissance Technologies LLC purchased a new stake in shares of Invesco S&P 500 GARP ETF during the fourth quarter worth about $1,091,000. Wedbush Securities Inc. bought a new stake in shares of Invesco S&P 500 GARP ETF in the fourth quarter worth about $204,000. Perennial Investment Advisors LLC increased its holdings in Invesco S&P 500 GARP ETF by 4.7% during the 4th quarter. Perennial Investment Advisors LLC now owns 215,267 shares of the company’s stock valued at $22,578,000 after purchasing an additional 9,624 shares during the period. Finally, Wells Fargo & Company MN raised its position in Invesco S&P 500 GARP ETF by 74.2% during the 4th quarter. Wells Fargo & Company MN now owns 565,646 shares of the company’s stock valued at $59,325,000 after purchasing an additional 240,941 shares during the last quarter.

Invesco S&P 500 GARP ETF Stock Performance

NYSEARCA SPGP opened at $92.75 on Tuesday. Invesco S&P 500 GARP ETF has a fifty-two week low of $84.13 and a fifty-two week high of $112.90. The stock has a market cap of $2.96 billion, a P/E ratio of 15.12 and a beta of 1.10. The stock has a 50 day simple moving average of $100.81 and a two-hundred day simple moving average of $105.44.

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.