Commonwealth Equity Services LLC Has $2.44 Million Position in Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM)

Commonwealth Equity Services LLC raised its stake in Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) by 21.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,615 shares of the company’s stock after acquiring an additional 3,879 shares during the period. Commonwealth Equity Services LLC’s holdings in Invesco S&P MidCap 400 GARP ETF were worth $2,437,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Merit Financial Group LLC acquired a new position in Invesco S&P MidCap 400 GARP ETF in the fourth quarter valued at about $7,022,000. Raymond James Financial Inc. acquired a new position in shares of Invesco S&P MidCap 400 GARP ETF in the 4th quarter valued at approximately $6,157,000. Marshall Investment Management LLC bought a new stake in shares of Invesco S&P MidCap 400 GARP ETF during the 4th quarter worth approximately $3,769,000. Manning & Napier Advisors LLC acquired a new stake in shares of Invesco S&P MidCap 400 GARP ETF during the 4th quarter worth approximately $3,297,000. Finally, Jones Financial Companies Lllp increased its stake in Invesco S&P MidCap 400 GARP ETF by 83.8% in the fourth quarter. Jones Financial Companies Lllp now owns 58,087 shares of the company’s stock valued at $6,549,000 after acquiring an additional 26,492 shares during the last quarter.

Invesco S&P MidCap 400 GARP ETF Price Performance

Shares of GRPM opened at $107.57 on Thursday. The firm has a 50 day simple moving average of $110.47 and a two-hundred day simple moving average of $114.93. Invesco S&P MidCap 400 GARP ETF has a one year low of $100.88 and a one year high of $127.48. The company has a market cap of $535.70 million, a P/E ratio of 12.13 and a beta of 1.23.

Invesco S&P MidCap 400 GARP ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.4064 per share. The ex-dividend date of this dividend is Monday, March 24th. This is a boost from Invesco S&P MidCap 400 GARP ETF’s previous dividend of $0.30.

Invesco S&P MidCap 400 GARP ETF Company Profile

The Invesco S&P MidCap 400 GARP ETF (GRPM) is an exchange-traded fund that is based on the S&P MidCap 400 GARP index. The fund tracks an index of US mid-cap growth stocks with perceived quality and value characteristics. GRPM was launched on Dec 8, 2010 and is issued by Invesco.