Liberty One Investment Management LLC Cuts Stock Holdings in Invesco S&P 500 GARP ETF $SPGP

Liberty One Investment Management LLC lowered its position in shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 56.0% in the first quarter, Holdings Channel.com reports. The fund owned 19,241 shares of the company’s stock after selling 24,524 shares during the quarter. Liberty One Investment Management LLC’s holdings in Invesco S&P 500 GARP ETF were worth $2,071,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SPGP. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco S&P 500 GARP ETF by 19.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 449,537 shares of the company’s stock worth $51,184,000 after acquiring an additional 74,711 shares during the last quarter. Campbell Deegan Wealth Management LLC raised its stake in Invesco S&P 500 GARP ETF by 3.1% in the 4th quarter. Campbell Deegan Wealth Management LLC now owns 193,630 shares of the company’s stock valued at $22,047,000 after purchasing an additional 5,843 shares during the last quarter. Royal Bank of Canada raised its stake in Invesco S&P 500 GARP ETF by 2.3% in the 4th quarter. Royal Bank of Canada now owns 177,198 shares of the company’s stock valued at $20,176,000 after purchasing an additional 3,941 shares during the last quarter. Coastal Bridge Advisors LLC lifted its holdings in Invesco S&P 500 GARP ETF by 0.4% in the 4th quarter. Coastal Bridge Advisors LLC now owns 169,779 shares of the company’s stock valued at $19,331,000 after purchasing an additional 686 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Invesco S&P 500 GARP ETF by 115.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 130,000 shares of the company’s stock valued at $14,771,000 after purchasing an additional 69,709 shares in the last quarter.

Invesco S&P 500 GARP ETF Stock Down 0.7%

Shares of SPGP opened at $120.51 on Friday. Invesco S&P 500 GARP ETF has a 52-week low of $103.86 and a 52-week high of $125.47. The firm’s fifty day moving average is $120.88 and its two-hundred day moving average is $116.49. The stock has a market cap of $2.16 billion, a PE ratio of 16.90 and a beta of 0.96.

Invesco S&P 500 GARP ETF 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.