HighTower Advisors LLC Sells 34,561 Shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

HighTower Advisors LLC reduced its holdings in shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 14.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 205,107 shares of the company’s stock after selling 34,561 shares during the period. HighTower Advisors LLC owned about 0.43% of Invesco S&P 500 GARP ETF worth $21,512,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in SPGP. Assetmark Inc. grew its holdings in shares of Invesco S&P 500 GARP ETF by 352.8% in the third quarter. Assetmark Inc. now owns 326 shares of the company’s stock worth $34,000 after purchasing an additional 254 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Invesco S&P 500 GARP ETF by 34.1% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 393 shares of the company’s stock worth $41,000 after purchasing an additional 100 shares during the last quarter. Synergy Investment Management LLC purchased a new stake in Invesco S&P 500 GARP ETF in the fourth quarter worth $42,000. SRS Capital Advisors Inc. purchased a new stake in Invesco S&P 500 GARP ETF in the fourth quarter worth $102,000. Finally, Continuum Advisory LLC lifted its stake in Invesco S&P 500 GARP ETF by 6,852.9% in the third quarter. Continuum Advisory LLC now owns 1,182 shares of the company’s stock worth $130,000 after acquiring an additional 1,165 shares during the period.

Invesco S&P 500 GARP ETF Stock Up 2.8 %

Shares of SPGP stock opened at $99.55 on Friday. The stock has a fifty day moving average of $106.47 and a 200 day moving average of $106.38. Invesco S&P 500 GARP ETF has a 52 week low of $95.02 and a 52 week high of $112.90. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 15.02 and a beta of 1.10.

About Invesco S&P 500 GARP ETF

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.