Avaii Wealth Management LLC Reduces Stake in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

Avaii Wealth Management LLC trimmed its stake in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 82.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,970 shares of the company’s stock after selling 56,923 shares during the quarter. Invesco S&P 500 GARP ETF makes up 0.6% of Avaii Wealth Management LLC’s holdings, making the stock its 24th biggest position. Avaii Wealth Management LLC’s holdings in Invesco S&P 500 GARP ETF were worth $1,253,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC bought a new stake in shares of Invesco S&P 500 GARP ETF in the second quarter valued at approximately $25,000. Moisand Fitzgerald Tamayo LLC raised its position in shares of Invesco S&P 500 GARP ETF by 778.6% in the third quarter. Moisand Fitzgerald Tamayo LLC now owns 246 shares of the company’s stock valued at $26,000 after purchasing an additional 218 shares during the period. Sound Income Strategies LLC bought a new stake in shares of Invesco S&P 500 GARP ETF in the first quarter valued at approximately $28,000. Pineridge Advisors LLC bought a new stake in shares of Invesco S&P 500 GARP ETF in the first quarter valued at approximately $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Invesco S&P 500 GARP ETF in the second quarter valued at approximately $35,000.

Invesco S&P 500 GARP ETF Stock Performance

Invesco S&P 500 GARP ETF stock traded up $0.18 during midday trading on Thursday, reaching $106.96. 35,173 shares of the stock were exchanged, compared to its average volume of 290,957. The company’s fifty day moving average is $103.06 and its 200-day moving average is $102.92. The firm has a market cap of $5.09 billion, a PE ratio of 15.92 and a beta of 0.97. Invesco S&P 500 GARP ETF has a 52 week low of $86.16 and a 52 week high of $107.83.

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.