First United Bank & Trust lessened its holdings in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP – Free Report) by 14.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,292 shares of the company’s stock after selling 6,315 shares during the quarter. Invesco S&P 500 GARP ETF accounts for approximately 1.3% of First United Bank & Trust’s investment portfolio, making the stock its 21st biggest holding. First United Bank & Trust owned 0.19% of Invesco S&P 500 GARP ETF worth $3,906,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Franklin Resources Inc. bought a new stake in Invesco S&P 500 GARP ETF during the 2nd quarter worth about $34,000. Sarver Vrooman Wealth Advisors acquired a new position in Invesco S&P 500 GARP ETF during the fourth quarter valued at approximately $38,000. Arax Advisory Partners bought a new position in Invesco S&P 500 GARP ETF in the fourth quarter valued at approximately $58,000. Optiver Holding B.V. acquired a new position in shares of Invesco S&P 500 GARP ETF during the 3rd quarter worth approximately $65,000. Finally, Elevated Capital Advisors LLC bought a new stake in shares of Invesco S&P 500 GARP ETF during the 4th quarter worth approximately $78,000.
Invesco S&P 500 GARP ETF Trading Up 1.3%
NYSEARCA SPGP opened at $121.72 on Friday. The company has a market cap of $2.30 billion, a PE 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 $122.19. The stock has a 50 day moving average of $118.50 and a 200-day moving average of $115.34.
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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