Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) Reaches New 52-Week Low – Here’s Why

Shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) reached a new 52-week low during trading on Thursday . The stock traded as low as $94.46 and last traded at $94.92, with a volume of 109069 shares changing hands. The stock had previously closed at $101.23.

Invesco S&P 500 GARP ETF Stock Performance

The company has a market cap of $3.01 billion, a PE ratio of 15.12 and a beta of 1.10. The business’s 50-day moving average is $104.55 and its 200 day moving average is $106.34.

Invesco S&P 500 GARP ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were paid a $0.4635 dividend. The ex-dividend date was Monday, March 24th.

Institutional Trading of Invesco S&P 500 GARP ETF

Institutional investors have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Invesco S&P 500 GARP ETF by 34.1% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 393 shares of the company’s stock valued at $41,000 after buying an additional 100 shares during the last quarter. Synergy Investment Management LLC purchased a new position in shares of Invesco S&P 500 GARP ETF in the fourth quarter valued at about $42,000. Transce3nd LLC bought a new position in shares of Invesco S&P 500 GARP ETF during the fourth quarter valued at about $43,000. CIBC Private Wealth Group LLC boosted its holdings in shares of Invesco S&P 500 GARP ETF by 39.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 578 shares of the company’s stock worth $61,000 after purchasing an additional 163 shares during the period. Finally, Assetmark Inc. grew its stake in shares of Invesco S&P 500 GARP ETF by 86.2% in the fourth quarter. Assetmark Inc. now owns 607 shares of the company’s stock worth $64,000 after purchasing an additional 281 shares during the last quarter.

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.