Avaii Wealth Management LLC Lowers Holdings in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

Avaii Wealth Management LLC reduced its stake in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,268 shares of the company’s stock after selling 702 shares during the period. Invesco S&P 500 GARP ETF makes up 0.6% of Avaii Wealth Management LLC’s portfolio, making the stock its 25th biggest position. Avaii Wealth Management LLC’s holdings in Invesco S&P 500 GARP ETF were worth $1,182,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SPGP. Moisand Fitzgerald Tamayo LLC grew its position in Invesco S&P 500 GARP ETF by 778.6% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 246 shares of the company’s stock valued at $26,000 after purchasing an additional 218 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Invesco S&P 500 GARP ETF by 352.8% in the third quarter. Assetmark Inc. now owns 326 shares of the company’s stock worth $34,000 after buying an additional 254 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new stake in shares of Invesco S&P 500 GARP ETF during the second quarter valued at approximately $39,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Invesco S&P 500 GARP ETF by 34.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 393 shares of the company’s stock valued at $41,000 after acquiring an additional 100 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in Invesco S&P 500 GARP ETF by 180.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 706 shares of the company’s stock worth $74,000 after acquiring an additional 454 shares during the last quarter.

Invesco S&P 500 GARP ETF Trading Down 0.6 %

Shares of SPGP opened at $110.60 on Friday. The company has a market cap of $5.26 billion, a price-to-earnings ratio of 15.92 and a beta of 0.97. The business’s fifty day simple moving average is $108.53 and its two-hundred day simple moving average is $105.51. Invesco S&P 500 GARP ETF has a 12 month low of $95.02 and a 12 month high of $112.90.

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.