Financial Advocates Investment Management Reduces Position in Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM)

Financial Advocates Investment Management trimmed its holdings in Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) by 14.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,064 shares of the company’s stock after selling 1,589 shares during the period. Financial Advocates Investment Management’s holdings in Invesco S&P MidCap 400 GARP ETF were worth $1,022,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. FMR LLC boosted its position in Invesco S&P MidCap 400 GARP ETF by 106.3% in the 3rd quarter. FMR LLC now owns 555 shares of the company’s stock valued at $65,000 after buying an additional 286 shares during the period. Foundations Investment Advisors LLC boosted its holdings in shares of Invesco S&P MidCap 400 GARP ETF by 35.9% in the third quarter. Foundations Investment Advisors LLC now owns 2,504 shares of the company’s stock valued at $293,000 after purchasing an additional 662 shares during the period. Sigma Planning Corp grew its stake in Invesco S&P MidCap 400 GARP ETF by 97.0% in the third quarter. Sigma Planning Corp now owns 13,732 shares of the company’s stock worth $1,608,000 after purchasing an additional 6,763 shares in the last quarter. 626 Financial LLC increased its holdings in Invesco S&P MidCap 400 GARP ETF by 155.5% during the 3rd quarter. 626 Financial LLC now owns 21,921 shares of the company’s stock worth $2,567,000 after purchasing an additional 13,342 shares during the period. Finally, Private Advisor Group LLC raised its position in Invesco S&P MidCap 400 GARP ETF by 11.1% during the 3rd quarter. Private Advisor Group LLC now owns 27,474 shares of the company’s stock valued at $3,217,000 after purchasing an additional 2,736 shares in the last quarter.

Invesco S&P MidCap 400 GARP ETF Trading Down 1.4 %

Shares of GRPM stock opened at $112.51 on Friday. Invesco S&P MidCap 400 GARP ETF has a twelve month low of $100.97 and a twelve month high of $127.48. The stock has a fifty day simple moving average of $116.37 and a two-hundred day simple moving average of $116.75. The stock has a market capitalization of $391.53 million, a price-to-earnings 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.