Sagespring Wealth Partners LLC Reduces Stock Position in Invesco S&P 500 GARP ETF $SPGP

Sagespring Wealth Partners LLC lowered its stake in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 71.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 5,713 shares of the company’s stock after selling 14,121 shares during the period. Sagespring Wealth Partners LLC’s holdings in Invesco S&P 500 GARP ETF were worth $615,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SPGP. Larson Financial Group LLC boosted its holdings in Invesco S&P 500 GARP ETF by 13,900.0% in the first quarter. Larson Financial Group LLC now owns 280 shares of the company’s stock worth $28,000 after purchasing an additional 278 shares during the last quarter. Arlington Trust Co LLC purchased a new stake in Invesco S&P 500 GARP ETF in the first quarter worth approximately $60,000. Wealth Preservation Advisors LLC purchased a new stake in Invesco S&P 500 GARP ETF in the first quarter worth approximately $66,000. Keystone Global Partners LLC purchased a new stake in Invesco S&P 500 GARP ETF in the first quarter worth approximately $209,000. Finally, EP Wealth Advisors LLC boosted its holdings in Invesco S&P 500 GARP ETF by 12.7% in the first quarter. EP Wealth Advisors LLC now owns 2,211 shares of the company’s stock worth $221,000 after purchasing an additional 249 shares during the last quarter.

Invesco S&P 500 GARP ETF Price Performance

Shares of Invesco S&P 500 GARP ETF stock opened at $111.90 on Friday. The company’s fifty day simple moving average is $112.50 and its 200-day simple moving average is $105.77. The stock has a market capitalization of $2.60 billion, a PE ratio of 16.90 and a beta of 1.11. Invesco S&P 500 GARP ETF has a 1-year low of $84.13 and a 1-year high of $115.88.

Invesco S&P 500 GARP ETF 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.