Northwestern Mutual Wealth Management Co. increased its stake in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP – Free Report) by 19.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 449,537 shares of the company’s stock after acquiring an additional 74,711 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Invesco S&P 500 GARP ETF were worth $51,184,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPGP. Franklin Resources Inc. purchased a new position in shares of Invesco S&P 500 GARP ETF during the second quarter worth approximately $34,000. Root Financial Partners LLC purchased a new stake in shares of Invesco S&P 500 GARP ETF in the third quarter valued at approximately $36,000. GGM Financials LLC purchased a new stake in shares of Invesco S&P 500 GARP ETF in the third quarter valued at approximately $42,000. Optiver Holding B.V. bought a new position in Invesco S&P 500 GARP ETF in the third quarter worth approximately $65,000. Finally, Elevated Capital Advisors LLC bought a new position in Invesco S&P 500 GARP ETF in the fourth quarter worth approximately $78,000.
Invesco S&P 500 GARP ETF Trading Up 0.3%
Shares of SPGP stock opened at $116.35 on Tuesday. Invesco S&P 500 GARP ETF has a twelve month low of $99.49 and a twelve month high of $119.36. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 16.90 and a beta of 0.97. The stock has a fifty day simple moving average of $112.68 and a two-hundred day simple moving average of $113.66.
Invesco S&P 500 GARP ETF 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.
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Want to see what other hedge funds are holding SPGP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco S&P 500 GARP ETF (NYSEARCA:SPGP – Free Report).
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