Bay Colony Advisory Group Inc d b a Bay Colony Advisors Makes New Investment in Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in shares of Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 2,023 shares of the company’s stock, valued at approximately $231,000.

Several other hedge funds have also recently added to or reduced their stakes in GRPM. Davis Investment Partners LLC bought a new stake in shares of Invesco S&P MidCap 400 GARP ETF in the 1st quarter valued at about $1,818,000. WealthCare Investment Partners LLC bought a new stake in shares of Invesco S&P MidCap 400 GARP ETF in the 1st quarter valued at about $4,157,000. Harbor Group Inc. bought a new stake in shares of Invesco S&P MidCap 400 GARP ETF in the 1st quarter valued at about $234,000. Courage Miller Partners LLC bought a new stake in shares of Invesco S&P MidCap 400 GARP ETF in the 1st quarter valued at about $239,000. Finally, Capital Advisors Ltd. LLC bought a new stake in shares of Invesco S&P MidCap 400 GARP ETF in the 1st quarter valued at about $313,000.

Invesco S&P MidCap 400 GARP ETF Trading Up 2.7 %

NYSEARCA GRPM opened at $118.42 on Friday. Invesco S&P MidCap 400 GARP ETF has a 1-year low of $81.86 and a 1-year high of $123.94. The stock has a 50-day moving average of $115.69 and a 200-day moving average of $114.67. The firm has a market cap of $412.10 million, a PE ratio of 11.81 and a beta of 1.14.

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.