Darrow Company Inc. Takes $7.34 Million Position in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

Darrow Company Inc. purchased a new stake in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 74,912 shares of the company’s stock, valued at approximately $7,344,000. Invesco S&P 500 GARP ETF accounts for about 5.6% of Darrow Company Inc.’s holdings, making the stock its 9th biggest holding. Darrow Company Inc. owned about 0.22% of Invesco S&P 500 GARP ETF at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Golden State Equity Partners acquired a new stake in shares of Invesco S&P 500 GARP ETF in the 4th quarter valued at approximately $479,000. Truist Financial Corp raised its holdings in Invesco S&P 500 GARP ETF by 26.8% during the fourth quarter. Truist Financial Corp now owns 172,968 shares of the company’s stock worth $16,958,000 after purchasing an additional 36,510 shares during the last quarter. Spinnaker Trust raised its holdings in Invesco S&P 500 GARP ETF by 17.7% during the fourth quarter. Spinnaker Trust now owns 61,461 shares of the company’s stock worth $6,026,000 after purchasing an additional 9,243 shares during the last quarter. Kovack Advisors Inc. raised its holdings in Invesco S&P 500 GARP ETF by 12.1% during the fourth quarter. Kovack Advisors Inc. now owns 6,228 shares of the company’s stock worth $611,000 after purchasing an additional 673 shares during the last quarter. Finally, Herold Advisors Inc. raised its holdings in Invesco S&P 500 GARP ETF by 4.6% during the fourth quarter. Herold Advisors Inc. now owns 14,071 shares of the company’s stock worth $1,380,000 after purchasing an additional 618 shares during the last quarter.

Invesco S&P 500 GARP ETF Stock Performance

Shares of SPGP stock opened at $102.11 on Friday. The stock has a fifty day moving average price of $102.92 and a 200 day moving average price of $97.32. The stock has a market cap of $4.80 billion, a PE ratio of 15.75 and a beta of 0.98. Invesco S&P 500 GARP ETF has a 1 year low of $83.52 and a 1 year high of $107.06.

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.