Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Reaches New 12-Month High – Should You Buy?

Invesco S&P 500 GARP ETF (NYSEARCA:SPGPGet Free Report)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $125.89 and last traded at $125.88, with a volume of 16857 shares trading hands. The stock had previously closed at $123.56.

Invesco S&P 500 GARP ETF Stock Performance

The company has a 50-day moving average of $121.14 and a 200-day moving average of $116.57. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 16.90 and a beta of 0.96.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. acquired a new stake in shares of Invesco S&P 500 GARP ETF during the second quarter worth $34,000. Sarver Vrooman Wealth Advisors acquired a new position in Invesco S&P 500 GARP ETF in the 4th quarter worth $38,000. Arax Advisory Partners acquired a new position in Invesco S&P 500 GARP ETF in the 4th quarter worth $58,000. Elevated Capital Advisors LLC bought a new position in Invesco S&P 500 GARP ETF during the 4th quarter worth about $78,000. Finally, Merkkuri Wealth Advisors LLC bought a new position in Invesco S&P 500 GARP ETF during the 1st quarter worth about $87,000.

About Invesco S&P 500 GARP ETF

(Get Free Report)

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.

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