Aveo Capital Partners LLC Sells 21,976 Shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

Aveo Capital Partners LLC cut its stake in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 36.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,944 shares of the company’s stock after selling 21,976 shares during the period. Aveo Capital Partners LLC owned about 0.08% of Invesco S&P 500 GARP ETF worth $3,900,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Thoroughbred Financial Services LLC raised its stake in Invesco S&P 500 GARP ETF by 14.1% during the fourth quarter. Thoroughbred Financial Services LLC now owns 78,693 shares of the company’s stock worth $7,715,000 after acquiring an additional 9,743 shares in the last quarter. Private Advisor Group LLC lifted its holdings in Invesco S&P 500 GARP ETF by 6.7% during the 4th quarter. Private Advisor Group LLC now owns 117,580 shares of the company’s stock valued at $11,528,000 after purchasing an additional 7,427 shares during the last quarter. CAP Partners LLC bought a new position in Invesco S&P 500 GARP ETF during the 1st quarter valued at about $1,194,000. Brookstone Capital Management acquired a new position in Invesco S&P 500 GARP ETF in the second quarter valued at about $339,000. Finally, Advisory Services Network LLC grew its stake in Invesco S&P 500 GARP ETF by 19.4% during the fourth quarter. Advisory Services Network LLC now owns 26,155 shares of the company’s stock worth $2,564,000 after buying an additional 4,246 shares during the last quarter.

Invesco S&P 500 GARP ETF Trading Down 2.5 %

NYSEARCA SPGP opened at $101.80 on Wednesday. Invesco S&P 500 GARP ETF has a 1-year low of $86.16 and a 1-year high of $107.06. The company has a 50 day moving average of $102.31 and a 200-day moving average of $102.70. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of 15.92 and a beta of 0.97.

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.