Sovereign Financial Group Inc. Increases Stock Position in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

Sovereign Financial Group Inc. grew its position in shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 10.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,625 shares of the company’s stock after purchasing an additional 1,835 shares during the period. Sovereign Financial Group Inc.’s holdings in Invesco S&P 500 GARP ETF were worth $1,953,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SPGP. Retirement Planning Group LLC raised its stake in Invesco S&P 500 GARP ETF by 1.0% during the third quarter. Retirement Planning Group LLC now owns 1,269,426 shares of the company’s stock valued at $132,871,000 after purchasing an additional 13,062 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco S&P 500 GARP ETF by 11.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 782,377 shares of the company’s stock valued at $80,414,000 after acquiring an additional 77,616 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Invesco S&P 500 GARP ETF by 8.6% in the 3rd quarter. Raymond James & Associates now owns 428,511 shares of the company’s stock valued at $44,852,000 after acquiring an additional 33,934 shares during the last quarter. Howard Financial Services LTD. grew its position in Invesco S&P 500 GARP ETF by 11.8% in the third quarter. Howard Financial Services LTD. now owns 275,817 shares of the company’s stock worth $28,870,000 after acquiring an additional 29,164 shares in the last quarter. Finally, Armstrong Advisory Group Inc. increased its stake in Invesco S&P 500 GARP ETF by 7.3% during the third quarter. Armstrong Advisory Group Inc. now owns 242,332 shares of the company’s stock worth $25,365,000 after acquiring an additional 16,585 shares during the last quarter.

Invesco S&P 500 GARP ETF Price Performance

Shares of SPGP stock opened at $107.92 on Wednesday. The company has a market cap of $5.13 billion, a PE ratio of 15.92 and a beta of 0.97. Invesco S&P 500 GARP ETF has a 1 year low of $93.84 and a 1 year high of $112.90. The stock’s 50 day simple moving average is $108.51 and its two-hundred day simple moving average is $105.11.

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.