TrinityPoint Wealth LLC Purchases 45,094 Shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

TrinityPoint Wealth LLC lifted its holdings in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 65.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 113,895 shares of the company’s stock after purchasing an additional 45,094 shares during the quarter. Invesco S&P 500 GARP ETF comprises about 2.0% of TrinityPoint Wealth LLC’s holdings, making the stock its 7th biggest holding. TrinityPoint Wealth LLC’s holdings in Invesco S&P 500 GARP ETF were worth $11,166,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SPGP. LPL Financial LLC raised its holdings in shares of Invesco S&P 500 GARP ETF by 50.1% in the third quarter. LPL Financial LLC now owns 2,670,278 shares of the company’s stock valued at $243,636,000 after buying an additional 891,343 shares during the last quarter. Morgan Stanley raised its holdings in shares of Invesco S&P 500 GARP ETF by 20.0% in the third quarter. Morgan Stanley now owns 4,986,125 shares of the company’s stock valued at $454,934,000 after buying an additional 832,388 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Invesco S&P 500 GARP ETF by 30.5% in the third quarter. Envestnet Asset Management Inc. now owns 1,309,544 shares of the company’s stock valued at $119,483,000 after buying an additional 306,394 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of Invesco S&P 500 GARP ETF by 1,149.9% in the fourth quarter. Stratos Wealth Partners LTD. now owns 170,634 shares of the company’s stock valued at $16,729,000 after buying an additional 156,982 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in shares of Invesco S&P 500 GARP ETF by 15.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,165,962 shares of the company’s stock valued at $114,311,000 after buying an additional 151,991 shares during the last quarter.

Invesco S&P 500 GARP ETF Stock Up 0.7 %

Invesco S&P 500 GARP ETF stock opened at $103.62 on Monday. The stock has a 50-day simple moving average of $103.49 and a 200 day simple moving average of $99.21. Invesco S&P 500 GARP ETF has a 12-month low of $84.23 and a 12-month high of $107.06. The stock has a market capitalization of $4.93 billion, a price-to-earnings 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.