Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Sets New 12-Month High – Here’s Why

Posted by ABMN Staff on Nov 24th, 2024

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP – Get Free Report)’s stock price reached a new 52-week high on Friday . The stock traded as high as $111.26 and last traded at $111.07, with a volume of 19248 shares trading hands. The stock had previously closed at $110.42.

Invesco S&P 500 GARP ETF Trading Up 0.7 %

The firm has a market cap of $5.29 billion, a P/E ratio of 15.92 and a beta of 0.97. The company has a fifty day moving average price of $106.46 and a two-hundred day moving average price of $103.85.

Hedge Funds Weigh In On Invesco S&P 500 GARP ETF

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC bought a new position in shares of Invesco S&P 500 GARP ETF during the 2nd quarter valued at about $25,000. Moisand Fitzgerald Tamayo LLC lifted its stake in Invesco S&P 500 GARP ETF by 778.6% in the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 246 shares of the company’s stock valued at $26,000 after acquiring an additional 218 shares in the last quarter. Pineridge Advisors LLC bought a new stake in Invesco S&P 500 GARP ETF in the 1st quarter valued at approximately $31,000. Assetmark Inc. lifted its stake in Invesco S&P 500 GARP ETF by 352.8% in the 3rd quarter. Assetmark Inc. now owns 326 shares of the company’s stock valued at $34,000 after acquiring an additional 254 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Invesco S&P 500 GARP ETF in the 2nd quarter valued at approximately $35,000.

Invesco S&P 500 GARP ETF Company Profile

(Get Free Report)

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.