Invesco S&P 500 GARP ETF (NYSEARCA:SPGP – Get Free Report) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 29,121 shares, a growth of 98.0% from the June 15th total of 14,709 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 63,932 shares, the short-interest ratio is currently 0.5 days.
Institutional Investors Weigh In On Invesco S&P 500 GARP ETF
Institutional investors and hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco S&P 500 GARP ETF by 19.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 449,537 shares of the company’s stock valued at $51,184,000 after acquiring an additional 74,711 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Invesco S&P 500 GARP ETF by 115.6% during the third quarter. BNP Paribas Financial Markets now owns 130,000 shares of the company’s stock worth $14,771,000 after purchasing an additional 69,709 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Invesco S&P 500 GARP ETF by 915.2% during the first quarter. Goldman Sachs Group Inc. now owns 43,696 shares of the company’s stock worth $4,364,000 after purchasing an additional 39,392 shares during the last quarter. Cerity Partners LLC purchased a new position in shares of Invesco S&P 500 GARP ETF during the second quarter worth $4,174,000. Finally, Jump Financial LLC acquired a new position in Invesco S&P 500 GARP ETF during the fourth quarter valued at $3,907,000.
Invesco S&P 500 GARP ETF Stock Performance
Shares of SPGP opened at $122.99 on Thursday. The stock has a 50-day moving average of $120.23 and a two-hundred day moving average of $116.17. The stock has a market cap of $2.21 billion, a P/E ratio of 16.90 and a beta of 0.96. Invesco S&P 500 GARP ETF has a one year low of $103.86 and a one year high of $125.47.
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.
Further Reading
- Five stocks we like better than Invesco S&P 500 GARP ETF
- Japan’s Crypto Overhaul Could Open the Door to a Wave of Institutional Money
- Cintas Keeps Beating Expectations—And the Story Isn’t Over
- Which Storage Stock Is Best Positioned to Win the AI Memory War?
- Tesla’s Delivery Surprise Was Big—Earnings Need to Be Bigger
Receive News & Ratings for Invesco S&P 500 GARP ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco S&P 500 GARP ETF and related companies with MarketBeat.com's FREE daily email newsletter.
