Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Reaches New 52-Week High – Still a Buy?

Shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) hit a new 52-week high during trading on Friday . The company traded as high as $118.16 and last traded at $117.78, with a volume of 24724 shares traded. The stock had previously closed at $115.16.

Invesco S&P 500 GARP ETF Trading Up 2.0%

The company has a market cap of $2.24 billion, a price-to-earnings ratio of 16.90 and a beta of 0.98. The company has a fifty day moving average price of $112.09 and a two-hundred day moving average price of $113.22.

Institutional Investors Weigh In On Invesco S&P 500 GARP ETF

A number of institutional investors have recently bought and sold shares of SPGP. Walled Lake Planning & Wealth Management LLC raised its stake in shares of Invesco S&P 500 GARP ETF by 1.4% in the 4th quarter. Walled Lake Planning & Wealth Management LLC now owns 6,606 shares of the company’s stock valued at $752,000 after buying an additional 88 shares in the last quarter. Opal Wealth Advisors LLC lifted its holdings in shares of Invesco S&P 500 GARP ETF by 4.2% during the 4th quarter. Opal Wealth Advisors LLC now owns 2,487 shares of the company’s stock worth $283,000 after acquiring an additional 100 shares during the period. Visionary Wealth Advisors lifted its holdings in shares of Invesco S&P 500 GARP ETF by 0.8% during the 2nd quarter. Visionary Wealth Advisors now owns 16,960 shares of the company’s stock worth $1,827,000 after acquiring an additional 128 shares during the period. Darwin Wealth Management LLC lifted its holdings in shares of Invesco S&P 500 GARP ETF by 6.1% during the 4th quarter. Darwin Wealth Management LLC now owns 2,230 shares of the company’s stock worth $254,000 after acquiring an additional 129 shares during the period. Finally, Strategic Wealth Partners Ltd. lifted its holdings in shares of Invesco S&P 500 GARP ETF by 2.6% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 5,129 shares of the company’s stock worth $583,000 after acquiring an additional 129 shares during the period.

Invesco S&P 500 GARP ETF Company Profile

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.