Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM – Get Free Report) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 602 shares, a drop of 89.6% from the May 14th total of 5,773 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 14,547 shares, the days-to-cover ratio is presently 0.0 days.
Institutional Investors Weigh In On Invesco S&P MidCap 400 GARP ETF
Several institutional investors have recently modified their holdings of GRPM. Goldman Sachs Group Inc. lifted its stake in shares of Invesco S&P MidCap 400 GARP ETF by 59.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 15,903 shares of the company’s stock valued at $1,665,000 after purchasing an additional 5,903 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Invesco S&P MidCap 400 GARP ETF by 925.3% in the 2nd quarter. NewEdge Advisors LLC now owns 2,758 shares of the company’s stock valued at $301,000 after purchasing an additional 2,489 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in shares of Invesco S&P MidCap 400 GARP ETF in the 2nd quarter valued at approximately $201,000. Modern Wealth Management LLC lifted its stake in shares of Invesco S&P MidCap 400 GARP ETF by 18.9% in the 2nd quarter. Modern Wealth Management LLC now owns 31,864 shares of the company’s stock valued at $3,482,000 after purchasing an additional 5,060 shares during the last quarter. Finally, MML Investors Services LLC lifted its stake in shares of Invesco S&P MidCap 400 GARP ETF by 21.5% in the 2nd quarter. MML Investors Services LLC now owns 5,367 shares of the company’s stock valued at $587,000 after purchasing an additional 949 shares during the last quarter.
Invesco S&P MidCap 400 GARP ETF Stock Up 1.3%
NYSEARCA GRPM traded up $1.71 during trading on Thursday, hitting $129.49. 4,844 shares of the stock traded hands, compared to its average volume of 19,235. The company has a market capitalization of $501.13 million, a P/E ratio of 13.88 and a beta of 1.01. The firm has a 50-day simple moving average of $125.21 and a 200-day simple moving average of $122.62. Invesco S&P MidCap 400 GARP ETF has a 12-month low of $105.54 and a 12-month high of $130.20.
About Invesco S&P MidCap 400 GARP ETF
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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