LPL Financial LLC Reduces Stake in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

LPL Financial LLC lessened its position in shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,213,038 shares of the company’s stock after selling 161,329 shares during the quarter. LPL Financial LLC owned 0.07% of Invesco S&P 500 GARP ETF worth $336,983,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SPGP. Raymond James Financial Inc. bought a new stake in Invesco S&P 500 GARP ETF during the fourth quarter valued at approximately $175,549,000. Howard Financial Services LTD. increased its stake in shares of Invesco S&P 500 GARP ETF by 12.9% in the 4th quarter. Howard Financial Services LTD. now owns 311,312 shares of the company’s stock worth $32,650,000 after purchasing an additional 35,495 shares in the last quarter. Armstrong Advisory Group Inc. raised its holdings in Invesco S&P 500 GARP ETF by 7.2% in the 4th quarter. Armstrong Advisory Group Inc. now owns 259,817 shares of the company’s stock worth $27,250,000 after purchasing an additional 17,485 shares during the period. D Orazio & Associates Inc. lifted its position in Invesco S&P 500 GARP ETF by 3.1% during the fourth quarter. D Orazio & Associates Inc. now owns 257,427 shares of the company’s stock valued at $26,999,000 after purchasing an additional 7,715 shares in the last quarter. Finally, HighTower Advisors LLC grew its holdings in Invesco S&P 500 GARP ETF by 22.6% during the third quarter. HighTower Advisors LLC now owns 239,668 shares of the company’s stock valued at $25,084,000 after purchasing an additional 44,237 shares during the period.

Invesco S&P 500 GARP ETF Stock Down 0.7 %

NYSEARCA SPGP opened at $100.16 on Monday. Invesco S&P 500 GARP ETF has a 52 week low of $95.02 and a 52 week high of $112.90. The company has a market capitalization of $3.34 billion, a P/E ratio of 15.02 and a beta of 1.10. The stock’s 50-day moving average price is $105.91 and its 200-day moving average price is $106.32.

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.