First United Bank & Trust Buys 1,555 Shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

First United Bank & Trust boosted its stake in shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 3.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,503 shares of the company’s stock after buying an additional 1,555 shares during the period. Invesco S&P 500 GARP ETF makes up about 1.7% of First United Bank & Trust’s investment portfolio, making the stock its 11th largest holding. First United Bank & Trust owned 0.10% of Invesco S&P 500 GARP ETF worth $4,763,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new stake in shares of Invesco S&P 500 GARP ETF in the 2nd quarter worth $25,000. Moisand Fitzgerald Tamayo LLC lifted its position in Invesco S&P 500 GARP ETF by 778.6% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 246 shares of the company’s stock valued at $26,000 after purchasing an additional 218 shares in the last quarter. Sound Income Strategies LLC purchased a new position in Invesco S&P 500 GARP ETF during the first quarter valued at $28,000. Pineridge Advisors LLC purchased a new position in shares of Invesco S&P 500 GARP ETF in the first quarter valued at about $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Invesco S&P 500 GARP ETF in the second quarter valued at about $35,000.

Invesco S&P 500 GARP ETF Stock Down 1.8 %

Shares of Invesco S&P 500 GARP ETF stock opened at $105.79 on Wednesday. The stock’s 50-day simple moving average is $102.86 and its 200-day simple moving average is $102.89. Invesco S&P 500 GARP ETF has a 52 week low of $86.16 and a 52 week high of $107.83. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 15.92 and a beta of 0.97.

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.