Fortune Financial Group Inc. bought a new position in Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,965 shares of the company’s stock, valued at approximately $504,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Root Financial Partners LLC boosted its stake in Invesco S&P MidCap 400 GARP ETF by 321.3% in the 4th quarter. Root Financial Partners LLC now owns 691 shares of the company’s stock worth $83,000 after purchasing an additional 527 shares during the period. Flagship Harbor Advisors LLC acquired a new position in Invesco S&P MidCap 400 GARP ETF in the 4th quarter worth $85,000. EP Wealth Advisors LLC acquired a new position in Invesco S&P MidCap 400 GARP ETF in the 2nd quarter worth $201,000. Compass Capital Corp MA ADV acquired a new position in Invesco S&P MidCap 400 GARP ETF in the 3rd quarter worth $252,000. Finally, Triad Wealth Partners LLC acquired a new position in Invesco S&P MidCap 400 GARP ETF in the 4th quarter worth $323,000.
Invesco S&P MidCap 400 GARP ETF Stock Down 0.4%
NYSEARCA GRPM opened at $127.78 on Thursday. Invesco S&P MidCap 400 GARP ETF has a 12-month low of $105.54 and a 12-month high of $130.20. The company has a market capitalization of $494.51 million, a PE ratio of 13.88 and a beta of 1.01. The firm’s 50 day moving average is $124.99 and its 200-day moving average is $122.52.
Invesco S&P MidCap 400 GARP ETF Profile
The Invesco S&P MidCap 400 GARP ETF (GRPM) is an exchange-traded fund that is based on the S&P MidCap 400 GARP index. The fund tracks an index of US mid-cap growth stocks with perceived quality and value characteristics. GRPM was launched on Dec 8, 2010 and is issued by Invesco.
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