Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Sees Strong Trading Volume – Still a Buy?

Shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGPGet Free Report) saw an uptick in trading volume on Thursday . 336,922 shares changed hands during mid-day trading, an increase of 32% from the previous session’s volume of 254,656 shares.The stock last traded at $101.52 and had previously closed at $101.30.

Invesco S&P 500 GARP ETF Trading Down 0.7 %

The stock has a market cap of $3.34 billion, a P/E ratio of 15.02 and a beta of 1.10. The firm’s 50-day simple moving average is $105.91 and its 200 day simple moving average is $106.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. grew its position in Invesco S&P 500 GARP ETF by 34.1% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 393 shares of the company’s stock worth $41,000 after purchasing an additional 100 shares during the last quarter. Synergy Investment Management LLC bought a new position in Invesco S&P 500 GARP ETF in the 4th quarter worth about $42,000. Transce3nd LLC bought a new position in Invesco S&P 500 GARP ETF in the 4th quarter worth about $43,000. CIBC Private Wealth Group LLC grew its position in Invesco S&P 500 GARP ETF by 39.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 578 shares of the company’s stock worth $61,000 after purchasing an additional 163 shares during the last quarter. Finally, Assetmark Inc. grew its position in Invesco S&P 500 GARP ETF by 86.2% in the 4th quarter. Assetmark Inc. now owns 607 shares of the company’s stock worth $64,000 after purchasing an additional 281 shares during the last quarter.

Invesco S&P 500 GARP ETF Company Profile

(Get Free Report)

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.

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