Invesco S&P 500 GARP ETF (NYSEARCA:SPGP – Get Free Report) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 12,071 shares, a decline of 42.1% from the August 31st total of 20,854 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 68,031 shares, the short-interest ratio is currently 0.2 days.
Invesco S&P 500 GARP ETF Price Performance
NYSEARCA SPGP traded down $0.76 on Wednesday, reaching $118.82. The company had a trading volume of 32,030 shares, compared to its average volume of 88,533. Invesco S&P 500 GARP ETF has a 1 year low of $103.86 and a 1 year high of $129.64. The firm has a 50-day moving average of $124.73 and a 200-day moving average of $119.67. The firm has a market capitalization of $2.08 billion, a PE ratio of 16.90 and a beta of 0.95.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Sunbelt Securities Inc. lifted its position in shares of Invesco S&P 500 GARP ETF by 4.2% in the first quarter. Sunbelt Securities Inc. now owns 2,162 shares of the company’s stock worth $233,000 after buying an additional 88 shares during the last quarter. Darwin Wealth Management LLC raised its holdings in Invesco S&P 500 GARP ETF by 6.5% in the first quarter. Darwin Wealth Management LLC now owns 2,374 shares of the company’s stock worth $255,000 after buying an additional 144 shares during the last quarter. Waverly Advisors LLC lifted its stake in shares of Invesco S&P 500 GARP ETF by 1.3% in the first quarter. Waverly Advisors LLC now owns 11,282 shares of the company’s stock worth $1,214,000 after buying an additional 147 shares in the last quarter. Clark Asset Management LLC lifted its stake in shares of Invesco S&P 500 GARP ETF by 6.4% in the second quarter. Clark Asset Management LLC now owns 4,259 shares of the company’s stock worth $521,000 after buying an additional 256 shares in the last quarter. Finally, Sarver Vrooman Wealth Advisors purchased a new stake in shares of Invesco S&P 500 GARP ETF during the fourth quarter valued at approximately $38,000.
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.
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