Advisor Resource Council Cuts Holdings in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

Advisor Resource Council reduced its position in shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 69.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 15,762 shares of the company’s stock after selling 35,907 shares during the quarter. Advisor Resource Council’s holdings in Invesco S&P 500 GARP ETF were worth $1,549,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPGP. Stratos Wealth Partners LTD. raised its holdings in Invesco S&P 500 GARP ETF by 1,149.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 170,634 shares of the company’s stock worth $16,729,000 after purchasing an additional 156,982 shares in the last quarter. Bank of New Hampshire bought a new position in Invesco S&P 500 GARP ETF in the 4th quarter worth $861,000. Transcend Capital Advisors LLC raised its holdings in Invesco S&P 500 GARP ETF by 59.6% in the 4th quarter. Transcend Capital Advisors LLC now owns 12,419 shares of the company’s stock worth $1,218,000 after purchasing an additional 4,639 shares in the last quarter. Private Client Services LLC bought a new position in Invesco S&P 500 GARP ETF in the 4th quarter worth $227,000. Finally, Thoroughbred Financial Services LLC raised its holdings in Invesco S&P 500 GARP ETF by 14.1% in the 4th quarter. Thoroughbred Financial Services LLC now owns 78,693 shares of the company’s stock worth $7,715,000 after purchasing an additional 9,743 shares in the last quarter.

Invesco S&P 500 GARP ETF Trading Up 0.2 %

NYSEARCA SPGP traded up $0.21 during trading on Thursday, hitting $102.76. The company had a trading volume of 119,993 shares, compared to its average volume of 301,660. Invesco S&P 500 GARP ETF has a one year low of $86.16 and a one year high of $107.06. The company has a market cap of $4.89 billion, a price-to-earnings ratio of 15.92 and a beta of 0.97. The company’s fifty day moving average is $102.80 and its 200-day moving average is $101.04.

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.