Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Sets New 52-Week High – Should You Buy?

Invesco S&P 500 GARP ETF (NYSEARCA:SPGPGet Free Report) reached a new 52-week high on Monday . The stock traded as high as $127.00 and last traded at $127.00, with a volume of 5242 shares trading hands. The stock had previously closed at $125.35.

Invesco S&P 500 GARP ETF Trading Up 1.1%

The firm has a market cap of $2.28 billion, a P/E ratio of 16.90 and a beta of 0.96. The stock has a 50 day simple moving average of $121.81 and a 200-day simple moving average of $116.81.

Institutional Investors Weigh In On Invesco S&P 500 GARP ETF

Large investors have recently bought and sold shares of the business. Wealthcare Advisory Partners LLC grew its stake in shares of Invesco S&P 500 GARP ETF by 1.9% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 22,434 shares of the company’s stock worth $2,743,000 after buying an additional 427 shares in the last quarter. Puff Wealth Management LLC bought a new stake in shares of Invesco S&P 500 GARP ETF in the 2nd quarter valued at approximately $345,000. Clark Asset Management LLC boosted its stake in Invesco S&P 500 GARP ETF by 6.4% during the second quarter. Clark Asset Management LLC now owns 4,259 shares of the company’s stock worth $521,000 after buying an additional 256 shares during the period. Longview Financial Advisors Inc. raised its stake in shares of Invesco S&P 500 GARP ETF by 3.5% in the second quarter. Longview Financial Advisors Inc. now owns 113,518 shares of the company’s stock valued at $13,882,000 after acquiring an additional 3,818 shares during the period. Finally, Western Wealth Management LLC purchased a new stake in Invesco S&P 500 GARP ETF in the 1st quarter worth about $127,000.

About Invesco S&P 500 GARP ETF

(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.

Further Reading

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