NewEdge Advisors LLC Sells 28,449 Shares of Invesco S&P 500 GARP ETF $SPGP

NewEdge Advisors LLC cut its stake in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 73.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,134 shares of the company’s stock after selling 28,449 shares during the quarter. NewEdge Advisors LLC owned about 0.05% of Invesco S&P 500 GARP ETF worth $1,091,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Franklin Resources Inc. purchased a new position in Invesco S&P 500 GARP ETF during the 2nd quarter valued at about $34,000. Sarver Vrooman Wealth Advisors purchased a new stake in shares of Invesco S&P 500 GARP ETF in the fourth quarter worth about $38,000. Arax Advisory Partners bought a new position in shares of Invesco S&P 500 GARP ETF in the fourth quarter valued at approximately $58,000. Elevated Capital Advisors LLC bought a new position in shares of Invesco S&P 500 GARP ETF in the fourth quarter valued at approximately $78,000. Finally, Merkkuri Wealth Advisors LLC bought a new position in shares of Invesco S&P 500 GARP ETF in the first quarter valued at approximately $87,000.

Invesco S&P 500 GARP ETF Trading Up 0.0%

Shares of NYSEARCA:SPGP opened at $125.35 on Friday. The company has a 50 day moving average of $121.81 and a 200 day moving average of $116.81. The stock has a market cap of $2.25 billion, a P/E ratio of 16.90 and a beta of 0.96. Invesco S&P 500 GARP ETF has a 12 month low of $103.86 and a 12 month high of $126.66.

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.