Farther Finance Advisors LLC Increases Stake in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

Farther Finance Advisors LLC increased its position in shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 33.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,318 shares of the company’s stock after buying an additional 2,586 shares during the period. Farther Finance Advisors LLC’s holdings in Invesco S&P 500 GARP ETF were worth $1,082,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of Invesco S&P 500 GARP ETF in the 4th quarter valued at approximately $175,549,000. Howard Financial Services LTD. raised its stake in Invesco S&P 500 GARP ETF by 12.9% in the fourth quarter. Howard Financial Services LTD. now owns 311,312 shares of the company’s stock valued at $32,650,000 after buying an additional 35,495 shares in the last quarter. Armstrong Advisory Group Inc. lifted its holdings in Invesco S&P 500 GARP ETF by 7.2% during the 4th quarter. Armstrong Advisory Group Inc. now owns 259,817 shares of the company’s stock worth $27,250,000 after buying an additional 17,485 shares during the last quarter. D Orazio & Associates Inc. boosted its position in shares of Invesco S&P 500 GARP ETF by 3.1% during the 4th quarter. D Orazio & Associates Inc. now owns 257,427 shares of the company’s stock worth $26,999,000 after acquiring an additional 7,715 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in shares of Invesco S&P 500 GARP ETF by 22.6% during the 3rd quarter. HighTower Advisors LLC now owns 239,668 shares of the company’s stock worth $25,084,000 after acquiring an additional 44,237 shares in the last quarter.

Invesco S&P 500 GARP ETF Stock Up 2.8 %

Shares of SPGP opened at $99.55 on Friday. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 15.02 and a beta of 1.10. Invesco S&P 500 GARP ETF has a 52-week low of $95.02 and a 52-week high of $112.90. The stock has a 50 day moving average price of $106.47 and a 200 day moving average price of $106.36.

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.