Fifth Third Bancorp Trims Stock Holdings in Invesco S&P 500 GARP ETF $SPGP

Fifth Third Bancorp lowered its position in shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 6.4% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 411,551 shares of the company’s stock after selling 28,079 shares during the quarter. Fifth Third Bancorp owned about 2.18% of Invesco S&P 500 GARP ETF worth $44,291,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco S&P 500 GARP ETF by 19.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 449,537 shares of the company’s stock worth $51,184,000 after purchasing an additional 74,711 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Invesco S&P 500 GARP ETF by 115.6% during the third quarter. BNP Paribas Financial Markets now owns 130,000 shares of the company’s stock worth $14,771,000 after purchasing an additional 69,709 shares during the period. Goldman Sachs Group Inc. boosted its position in Invesco S&P 500 GARP ETF by 915.2% in the first quarter. Goldman Sachs Group Inc. now owns 43,696 shares of the company’s stock valued at $4,364,000 after buying an additional 39,392 shares during the last quarter. Cerity Partners LLC purchased a new stake in Invesco S&P 500 GARP ETF in the second quarter valued at approximately $4,174,000. Finally, Jump Financial LLC purchased a new stake in Invesco S&P 500 GARP ETF in the fourth quarter valued at approximately $3,907,000.

Invesco S&P 500 GARP ETF Stock Performance

Shares of NYSEARCA:SPGP opened at $124.43 on Monday. Invesco S&P 500 GARP ETF has a twelve month low of $103.86 and a twelve month high of $125.47. The company has a market cap of $2.22 billion, a PE ratio of 16.90 and a beta of 0.96. The company’s 50 day moving average is $119.85 and its 200 day moving average is $116.00.

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.