Asset Allocation Strategies LLC Has $3.40 Million Stock Holdings in Invesco S&P MidCap 400 GARP ETF $GRPM

Asset Allocation Strategies LLC grew its holdings in Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) by 50.0% during the fourth quarter, Holdings Channel reports. The firm owned 28,304 shares of the company’s stock after acquiring an additional 9,433 shares during the quarter. Asset Allocation Strategies LLC’s holdings in Invesco S&P MidCap 400 GARP ETF were worth $3,397,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Summit Financial LLC increased its position in Invesco S&P MidCap 400 GARP ETF by 6.5% in the 4th quarter. Summit Financial LLC now owns 55,163 shares of the company’s stock valued at $6,620,000 after buying an additional 3,358 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in Invesco S&P MidCap 400 GARP ETF by 5.3% in the 4th quarter. Ameritas Investment Partners Inc. now owns 65,576 shares of the company’s stock valued at $7,870,000 after buying an additional 3,297 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Invesco S&P MidCap 400 GARP ETF by 9.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 3,627 shares of the company’s stock valued at $435,000 after buying an additional 298 shares in the last quarter. Fortune Financial Group Inc. bought a new stake in Invesco S&P MidCap 400 GARP ETF in the 4th quarter valued at about $504,000. Finally, LPL Financial LLC increased its position in Invesco S&P MidCap 400 GARP ETF by 3.8% in the 4th quarter. LPL Financial LLC now owns 127,504 shares of the company’s stock valued at $15,302,000 after buying an additional 4,709 shares in the last quarter.

Invesco S&P MidCap 400 GARP ETF Stock Performance

Shares of GRPM opened at $130.39 on Friday. The stock has a 50 day moving average price of $125.44 and a two-hundred day moving average price of $122.68. The firm has a market capitalization of $504.61 million, a P/E ratio of 13.88 and a beta of 1.01. Invesco S&P MidCap 400 GARP ETF has a 52 week low of $105.54 and a 52 week high of $130.59.

Invesco S&P MidCap 400 GARP ETF Company Profile

The Invesco S&P MidCap 400 GARP ETF (GRPM) is an exchange-traded fund that is based on the S&P MidCap 400 GARP index. The fund tracks an index of US mid-cap growth stocks with perceived quality and value characteristics. GRPM was launched on Dec 8, 2010 and is issued by Invesco.