Financial Advocates Investment Management Makes New Investment in Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM)

Financial Advocates Investment Management acquired a new stake in Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,653 shares of the company’s stock, valued at approximately $1,247,000.

A number of other large investors have also added to or reduced their stakes in the business. Cape Investment Advisory Inc. bought a new position in Invesco S&P MidCap 400 GARP ETF in the 1st quarter valued at approximately $32,000. PSI Advisors LLC increased its position in Invesco S&P MidCap 400 GARP ETF by 170.2% during the 2nd quarter. PSI Advisors LLC now owns 554 shares of the company’s stock valued at $63,000 after purchasing an additional 349 shares during the period. Cornerstone Wealth Management LLC grew its position in shares of Invesco S&P MidCap 400 GARP ETF by 2.7% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 18,911 shares of the company’s stock worth $2,214,000 after buying an additional 494 shares during the period. Foundations Investment Advisors LLC grew its position in shares of Invesco S&P MidCap 400 GARP ETF by 35.9% during the 3rd quarter. Foundations Investment Advisors LLC now owns 2,504 shares of the company’s stock worth $293,000 after buying an additional 662 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in shares of Invesco S&P MidCap 400 GARP ETF by 56.8% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 3,173 shares of the company’s stock worth $371,000 after buying an additional 1,150 shares during the period.

Invesco S&P MidCap 400 GARP ETF Trading Up 0.1 %

NYSEARCA GRPM opened at $114.65 on Friday. The company has a fifty day simple moving average of $115.82 and a 200 day simple moving average of $115.74. Invesco S&P MidCap 400 GARP ETF has a 12-month low of $84.75 and a 12-month high of $123.94. The company has a market cap of $398.98 million, a P/E ratio of 11.81 and a beta of 1.14.

Invesco S&P MidCap 400 GARP ETF Profile

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.