LPL Financial LLC Sells 311,871 Shares of Invesco S&P 500 GARP ETF $SPGP

LPL Financial LLC reduced its holdings in shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 19.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,295,252 shares of the company’s stock after selling 311,871 shares during the period. LPL Financial LLC owned approximately 0.06% of Invesco S&P 500 GARP ETF worth $147,477,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SPGP. Franklin Resources Inc. bought a new position in shares of Invesco S&P 500 GARP ETF during the 2nd quarter worth approximately $34,000. Sarver Vrooman Wealth Advisors bought a new position in shares of Invesco S&P 500 GARP ETF during the 4th quarter worth approximately $38,000. GGM Financials LLC bought a new position in shares of Invesco S&P 500 GARP ETF during the 3rd quarter worth approximately $42,000. Optiver Holding B.V. bought a new position in shares of Invesco S&P 500 GARP ETF during the 3rd quarter worth approximately $65,000. Finally, Elevated Capital Advisors LLC bought a new position in shares of Invesco S&P 500 GARP ETF during the 4th quarter worth approximately $78,000.

Invesco S&P 500 GARP ETF Stock Down 2.7%

Shares of SPGP opened at $116.67 on Thursday. The stock has a market capitalization of $2.20 billion, a P/E ratio of 16.90 and a beta of 0.96. Invesco S&P 500 GARP ETF has a twelve month low of $102.23 and a twelve month high of $121.90. The company has a 50 day moving average of $116.22 and a 200-day moving average of $114.66.

Invesco S&P 500 GARP ETF Company 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.