Modern Wealth Management LLC Sells 130,751 Shares of Invesco S&P 500 GARP ETF $SPGP

Modern Wealth Management LLC cut its stake in shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 54.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 110,492 shares of the company’s stock after selling 130,751 shares during the period. Modern Wealth Management LLC’s holdings in Invesco S&P 500 GARP ETF were worth $11,933,000 as of its most recent SEC filing.

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

Invesco S&P 500 GARP ETF Stock Performance

Shares of NYSEARCA:SPGP opened at $120.51 on Friday. The stock’s 50-day simple moving average is $120.88 and its two-hundred day simple moving average is $116.49. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 16.90 and a beta of 0.96. Invesco S&P 500 GARP ETF has a 52-week low of $103.86 and a 52-week high of $125.47.

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.