Invesco S&P 500 GARP ETF $SPGP Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. trimmed its position in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 0.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 590,258 shares of the company’s stock after selling 2,779 shares during the period. Northwestern Mutual Wealth Management Co. owned about 2.35% of Invesco S&P 500 GARP ETF worth $63,571,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Franklin Resources Inc. purchased a new position in shares of Invesco S&P 500 GARP ETF during the second quarter valued at approximately $34,000. Wealth Preservation Advisors LLC purchased a new position in shares of Invesco S&P 500 GARP ETF during the 1st quarter worth $66,000. Vermillion & White Wealth Management Group LLC lifted its stake in shares of Invesco S&P 500 GARP ETF by 97.4% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 1,528 shares of the company’s stock worth $165,000 after purchasing an additional 754 shares during the period. Wedbush Securities Inc. acquired a new stake in shares of Invesco S&P 500 GARP ETF during the second quarter worth $203,000. Finally, Vestmark Advisory Solutions Inc. purchased a new stake in shares of Invesco S&P 500 GARP ETF in the second quarter valued at $208,000.

Invesco S&P 500 GARP ETF Trading Up 0.4%

Invesco S&P 500 GARP ETF stock opened at $112.72 on Friday. The stock has a fifty day moving average price of $112.35 and a 200 day moving average price of $109.52. Invesco S&P 500 GARP ETF has a 52 week low of $84.13 and a 52 week high of $115.88. The firm has a market capitalization of $2.60 billion, a P/E ratio of 16.90 and a beta of 1.00.

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.