Pinnacle Bancorp Inc. Reduces Position in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

Pinnacle Bancorp Inc. trimmed its position in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 36.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 311 shares of the company’s stock after selling 175 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in Invesco S&P 500 GARP ETF were worth $31,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Synergy Investment Management LLC purchased a new position in Invesco S&P 500 GARP ETF in the fourth quarter valued at $42,000. Transce3nd LLC purchased a new position in shares of Invesco S&P 500 GARP ETF in the 4th quarter valued at about $43,000. CIBC Private Wealth Group LLC raised 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 worth $61,000 after acquiring an additional 163 shares in the last quarter. Assetmark Inc. lifted its stake in Invesco S&P 500 GARP ETF by 86.2% during the fourth quarter. Assetmark Inc. now owns 607 shares of the company’s stock worth $64,000 after purchasing an additional 281 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC lifted its stake in Invesco S&P 500 GARP ETF by 31.4% during the first quarter. GPS Wealth Strategies Group LLC now owns 904 shares of the company’s stock worth $90,000 after purchasing an additional 216 shares during the last quarter.

Invesco S&P 500 GARP ETF Stock Down 0.5%

Shares of Invesco S&P 500 GARP ETF stock opened at $105.08 on Thursday. Invesco S&P 500 GARP ETF has a 52 week low of $84.13 and a 52 week high of $112.90. The firm’s 50 day moving average is $100.92 and its two-hundred day moving average is $102.78. The firm has a market capitalization of $2.78 billion, a P/E ratio of 15.95 and a beta of 1.00.

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.