Modern Wealth Management LLC Increases Holdings in Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM)

Modern Wealth Management LLC increased its stake in shares of Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) by 205.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 25,670 shares of the company’s stock after buying an additional 17,257 shares during the period. Modern Wealth Management LLC’s holdings in Invesco S&P MidCap 400 GARP ETF were worth $2,907,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in GRPM. Kestra Private Wealth Services LLC increased its position in shares of Invesco S&P MidCap 400 GARP ETF by 0.5% during the fourth quarter. Kestra Private Wealth Services LLC now owns 43,644 shares of the company’s stock valued at $4,921,000 after buying an additional 224 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Invesco S&P MidCap 400 GARP ETF by 6.3% in the third quarter. Thrivent Financial for Lutherans now owns 4,504 shares of the company’s stock valued at $527,000 after acquiring an additional 265 shares during the period. FMR LLC grew its stake in Invesco S&P MidCap 400 GARP ETF by 106.3% during the third quarter. FMR LLC now owns 555 shares of the company’s stock valued at $65,000 after acquiring an additional 286 shares in the last quarter. Global Retirement Partners LLC increased its holdings in Invesco S&P MidCap 400 GARP ETF by 186.5% during the 4th quarter. Global Retirement Partners LLC now owns 596 shares of the company’s stock worth $67,000 after acquiring an additional 388 shares during the period. Finally, Glass Jacobson Investment Advisors llc lifted its stake in Invesco S&P MidCap 400 GARP ETF by 772.3% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 567 shares of the company’s stock worth $66,000 after purchasing an additional 502 shares in the last quarter.

Invesco S&P MidCap 400 GARP ETF Price Performance

GRPM opened at $108.30 on Wednesday. Invesco S&P MidCap 400 GARP ETF has a one year low of $100.88 and a one year high of $127.48. The firm has a market capitalization of $539.33 million, a P/E ratio of 12.13 and a beta of 1.23. The company has a fifty day moving average price of $110.66 and a 200-day moving average price of $114.98.

Invesco S&P MidCap 400 GARP ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 24th will be given a dividend of $0.4064 per share. This is a boost from Invesco S&P MidCap 400 GARP ETF’s previous dividend of $0.30. The ex-dividend date is Monday, March 24th.

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.