Modern Wealth Management LLC Cuts Stock Position in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

Modern Wealth Management LLC decreased its stake in shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 11.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,889 shares of the company’s stock after selling 4,160 shares during the quarter. Modern Wealth Management LLC’s holdings in Invesco S&P 500 GARP ETF were worth $3,454,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Raymond James Trust N.A. raised its position in shares of Invesco S&P 500 GARP ETF by 24.5% in the 3rd quarter. Raymond James Trust N.A. now owns 2,768 shares of the company’s stock worth $290,000 after purchasing an additional 545 shares during the last quarter. CreativeOne Wealth LLC lifted its holdings in shares of Invesco S&P 500 GARP ETF by 5.8% during the 3rd quarter. CreativeOne Wealth LLC now owns 6,253 shares of the company’s stock valued at $654,000 after buying an additional 343 shares during the period. Fiduciary Trust Co bought a new position in Invesco S&P 500 GARP ETF in the third quarter valued at about $219,000. Flow Traders U.S. LLC bought a new position in shares of Invesco S&P 500 GARP ETF in the 3rd quarter worth approximately $565,000. Finally, White Knight Strategic Wealth Advisors LLC boosted its stake in shares of Invesco S&P 500 GARP ETF by 6.7% during the 3rd quarter. White Knight Strategic Wealth Advisors LLC now owns 15,516 shares of the company’s stock worth $1,624,000 after acquiring an additional 979 shares during the last quarter.

Invesco S&P 500 GARP ETF Stock Performance

NYSEARCA:SPGP opened at $102.16 on Wednesday. Invesco S&P 500 GARP ETF has a 52-week low of $95.02 and a 52-week high of $112.90. The firm has a market capitalization of $3.41 billion, a PE ratio of 15.02 and a beta of 1.10. The stock has a 50-day simple moving average of $105.70 and a two-hundred day simple moving average of $106.36.

Invesco S&P 500 GARP ETF Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.4635 per share. The ex-dividend date is Monday, March 24th.

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.