1900 Wealth Management LLC Reduces Stake in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

1900 Wealth Management LLC cut its stake in shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 1.2% during the fourth quarter, HoldingsChannel reports. The firm owned 64,380 shares of the company’s stock after selling 751 shares during the quarter. 1900 Wealth Management LLC’s holdings in Invesco S&P 500 GARP ETF were worth $6,752,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SPGP. Retirement Planning Group LLC increased its position in shares of Invesco S&P 500 GARP ETF by 1.0% during the 3rd 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 during the last quarter. Raymond James & Associates boosted its stake in Invesco S&P 500 GARP ETF by 8.6% during the third quarter. Raymond James & Associates now owns 428,511 shares of the company’s stock worth $44,852,000 after buying an additional 33,934 shares during the period. Howard Financial Services LTD. increased its position in Invesco S&P 500 GARP ETF by 12.9% during the fourth quarter. Howard Financial Services LTD. now owns 311,312 shares of the company’s stock valued at $32,650,000 after acquiring an additional 35,495 shares during the last quarter. Armstrong Advisory Group Inc. raised its stake in shares of Invesco S&P 500 GARP ETF by 7.2% in the fourth quarter. Armstrong Advisory Group Inc. now owns 259,817 shares of the company’s stock valued at $27,250,000 after acquiring an additional 17,485 shares during the period. Finally, HighTower Advisors LLC raised its stake in shares of Invesco S&P 500 GARP ETF by 22.6% in the third quarter. HighTower Advisors LLC now owns 239,668 shares of the company’s stock valued at $25,084,000 after acquiring an additional 44,237 shares during the period.

Invesco S&P 500 GARP ETF Trading Down 0.6 %

SPGP stock opened at $108.46 on Friday. The stock has a market cap of $5.16 billion, a PE ratio of 15.92 and a beta of 0.97. Invesco S&P 500 GARP ETF has a 12 month low of $95.02 and a 12 month high of $112.90. The company has a 50-day moving average price of $108.31 and a 200 day moving average price of $105.81.

About Invesco S&P 500 GARP ETF

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.