Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Hits New 12-Month Low – What’s Next?

Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) reached a new 52-week low during trading on Thursday . The company traded as low as $94.46 and last traded at $94.92, with a volume of 109069 shares trading hands. The stock had previously closed at $101.23.

Invesco S&P 500 GARP ETF Stock Down 5.8 %

The company has a market capitalization of $2.83 billion, a P/E ratio of 15.12 and a beta of 1.10. The business’s 50-day moving average is $103.77 and its two-hundred day moving average is $106.16.

Invesco S&P 500 GARP ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a $0.4635 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Investors Weigh In On Invesco S&P 500 GARP ETF

Several hedge funds have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. raised its stake in 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 buying an additional 100 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its position in Invesco S&P 500 GARP ETF by 3.0% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 4,497 shares of the company’s stock valued at $472,000 after purchasing an additional 129 shares during the last quarter. GC Wealth Management RIA LLC increased its stake in Invesco S&P 500 GARP ETF by 0.3% during the 4th quarter. GC Wealth Management RIA LLC now owns 45,692 shares of the company’s stock valued at $4,792,000 after purchasing an additional 137 shares in the last quarter. Arete Wealth Advisors LLC raised its holdings in Invesco S&P 500 GARP ETF by 5.2% in the fourth quarter. Arete Wealth Advisors LLC now owns 3,119 shares of the company’s stock worth $327,000 after buying an additional 155 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of Invesco S&P 500 GARP ETF by 39.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 578 shares of the company’s stock worth $61,000 after buying an additional 163 shares in the last quarter.

Invesco S&P 500 GARP ETF Company 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.