NewEdge Advisors LLC Reduces Position in Invesco S&P 500 GARP ETF $SPGP

NewEdge Advisors LLC decreased its position in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 33.6% during the 1st quarter, Holdings Channel reports. The firm owned 25,604 shares of the company’s stock after selling 12,979 shares during the period. NewEdge Advisors LLC’s holdings in Invesco S&P 500 GARP ETF were worth $2,756,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in SPGP. Sunbelt Securities Inc. raised its holdings in Invesco S&P 500 GARP ETF by 4.2% during the 1st quarter. Sunbelt Securities Inc. now owns 2,162 shares of the company’s stock valued at $233,000 after buying an additional 88 shares during the last quarter. Walled Lake Planning & Wealth Management LLC grew its holdings in Invesco S&P 500 GARP ETF by 1.4% in the 4th quarter. Walled Lake Planning & Wealth Management LLC now owns 6,606 shares of the company’s stock worth $752,000 after acquiring an additional 88 shares during the last quarter. Opal Wealth Advisors LLC grew its holdings in Invesco S&P 500 GARP ETF by 4.2% in the 4th quarter. Opal Wealth Advisors LLC now owns 2,487 shares of the company’s stock worth $283,000 after acquiring an additional 100 shares during the last quarter. Visionary Wealth Advisors increased its position in shares of Invesco S&P 500 GARP ETF by 0.8% in the second quarter. Visionary Wealth Advisors now owns 16,960 shares of the company’s stock valued at $1,827,000 after acquiring an additional 128 shares during the period. Finally, Strategic Wealth Partners Ltd. increased its position in shares of Invesco S&P 500 GARP ETF by 2.6% in the third quarter. Strategic Wealth Partners Ltd. now owns 5,129 shares of the company’s stock valued at $583,000 after acquiring an additional 129 shares during the period.

Invesco S&P 500 GARP ETF Trading Up 1.1%

Shares of NYSEARCA:SPGP opened at $129.02 on Friday. The company has a 50-day moving average price of $123.23 and a 200-day moving average price of $117.59. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 16.90 and a beta of 0.95. Invesco S&P 500 GARP ETF has a 12 month low of $103.86 and a 12 month high of $129.64.

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.