Envestnet Portfolio Solutions Inc. Raises Stake in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

Envestnet Portfolio Solutions Inc. raised its stake in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 38.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 184,667 shares of the company’s stock after purchasing an additional 51,158 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Invesco S&P 500 GARP ETF were worth $19,665,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPGP. Envestnet Asset Management Inc. lifted its position in Invesco S&P 500 GARP ETF by 49.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,952,588 shares of the company’s stock valued at $191,432,000 after purchasing an additional 643,044 shares during the last quarter. Scarborough Advisors LLC bought a new position in shares of Invesco S&P 500 GARP ETF during the fourth quarter valued at approximately $27,703,000. Wells Fargo & Company MN raised its holdings in shares of Invesco S&P 500 GARP ETF by 109.5% during the fourth quarter. Wells Fargo & Company MN now owns 523,727 shares of the company’s stock valued at $51,346,000 after acquiring an additional 273,734 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Invesco S&P 500 GARP ETF by 54.4% during the fourth quarter. Kestra Advisory Services LLC now owns 474,308 shares of the company’s stock valued at $46,501,000 after acquiring an additional 167,194 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its holdings in shares of Invesco S&P 500 GARP ETF by 1,149.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 170,634 shares of the company’s stock valued at $16,729,000 after acquiring an additional 156,982 shares in the last quarter.

Invesco S&P 500 GARP ETF Stock Performance

Shares of Invesco S&P 500 GARP ETF stock traded up $0.72 during midday trading on Friday, reaching $103.98. 182,454 shares of the company’s stock traded hands, compared to its average volume of 300,097. The company has a market cap of $4.95 billion, a PE ratio of 15.92 and a beta of 0.97. The stock has a 50 day moving average of $102.98 and a 200-day moving average of $101.23. Invesco S&P 500 GARP ETF has a 12 month low of $86.16 and a 12 month high of $107.06.

Invesco S&P 500 GARP ETF 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.