Retirement Planning Group LLC Sells 1,121,678 Shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

Retirement Planning Group LLC decreased its position in shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 79.2% in the 1st quarter, Holdings Channel reports. The firm owned 293,691 shares of the company’s stock after selling 1,121,678 shares during the quarter. Invesco S&P 500 GARP ETF accounts for about 1.4% of Retirement Planning Group LLC’s portfolio, making the stock its 18th largest holding. Retirement Planning Group LLC’s holdings in Invesco S&P 500 GARP ETF were worth $29,334,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of SPGP. Raymond James Financial Inc. acquired a new stake in Invesco S&P 500 GARP ETF during the 4th quarter worth about $175,549,000. Wells Fargo & Company MN grew its stake in Invesco S&P 500 GARP ETF by 74.2% during the fourth quarter. Wells Fargo & Company MN now owns 565,646 shares of the company’s stock worth $59,325,000 after purchasing an additional 240,941 shares during the period. Campbell Deegan Wealth Management LLC acquired a new stake in Invesco S&P 500 GARP ETF during the fourth quarter worth approximately $17,212,000. NBZ Investment Advisors LLC bought a new stake in Invesco S&P 500 GARP ETF in the fourth quarter worth approximately $12,595,000. Finally, Wood Tarver Financial Group LLC acquired a new position in Invesco S&P 500 GARP ETF in the fourth quarter valued at approximately $7,830,000.

Invesco S&P 500 GARP ETF Stock Down 0.6%

Shares of SPGP stock opened at $103.17 on Thursday. The firm has a 50 day moving average of $97.48 and a 200-day moving average of $103.48. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 16.14 and a beta of 1.01. Invesco S&P 500 GARP ETF has a 52 week low of $84.13 and a 52 week high of $112.90.

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.