IAM Advisory LLC Has $1.48 Million Stake in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

IAM Advisory LLC trimmed its position in shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 1.7% in the fourth quarter, Holdings Channel reports. The fund owned 14,108 shares of the company’s stock after selling 246 shares during the quarter. IAM Advisory LLC’s holdings in Invesco S&P 500 GARP ETF were worth $1,480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in SPGP. Sanctuary Advisors LLC bought a new stake in Invesco S&P 500 GARP ETF during the 2nd quarter valued at approximately $12,091,000. Flagship Harbor Advisors LLC acquired a new position in shares of Invesco S&P 500 GARP ETF during the third quarter worth approximately $9,526,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Invesco S&P 500 GARP ETF by 11.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 782,377 shares of the company’s stock worth $80,414,000 after buying an additional 77,616 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of Invesco S&P 500 GARP ETF by 22.6% in the third 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 during the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Invesco S&P 500 GARP ETF by 1,129.3% in the second quarter. Bank of Montreal Can now owns 43,223 shares of the company’s stock worth $4,467,000 after acquiring an additional 39,707 shares during the last quarter.

Invesco S&P 500 GARP ETF Price Performance

NYSEARCA:SPGP opened at $110.22 on Friday. Invesco S&P 500 GARP ETF has a one year low of $93.91 and a one year high of $112.90. The company has a fifty day moving average price of $108.45 and a 200 day moving average price of $105.22. The stock has a market cap of $5.24 billion, a P/E ratio of 15.92 and a beta of 0.97.

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.