Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Shares Sold by 49 Wealth Management LLC

49 Wealth Management LLC reduced its stake in shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 37.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,327 shares of the company’s stock after selling 10,312 shares during the quarter. 49 Wealth Management LLC’s holdings in Invesco S&P 500 GARP ETF were worth $1,814,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Invesco S&P 500 GARP ETF by 18.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,388,101 shares of the company’s stock valued at $142,669,000 after acquiring an additional 218,760 shares during the period. Investment Planning Advisors Inc. acquired a new position in Invesco S&P 500 GARP ETF during the 2nd quarter valued at about $12,650,000. Sanctuary Advisors LLC bought a new position in Invesco S&P 500 GARP ETF in the 2nd quarter worth about $12,091,000. LPL Financial LLC increased its stake in shares of Invesco S&P 500 GARP ETF by 3.1% in the second quarter. LPL Financial LLC now owns 3,639,864 shares of the company’s stock valued at $374,105,000 after purchasing an additional 109,896 shares during the period. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Invesco S&P 500 GARP ETF in the third quarter valued at approximately $9,526,000.

Invesco S&P 500 GARP ETF Price Performance

Shares of SPGP stock opened at $110.42 on Friday. Invesco S&P 500 GARP ETF has a 12-month low of $92.26 and a 12-month high of $111.19. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of 15.92 and a beta of 0.97. The business has a 50 day simple moving average of $106.26 and a 200 day simple moving average of $103.78.

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.