Arete Wealth Advisors LLC Sells 260 Shares of Invesco S&P 500 GARP ETF (NYSEARCA:SPGP)

Arete Wealth Advisors LLC lowered its position in Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 8.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,964 shares of the company’s stock after selling 260 shares during the period. Arete Wealth Advisors LLC’s holdings in Invesco S&P 500 GARP ETF were worth $309,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Invesco S&P 500 GARP ETF by 18.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,388,101 shares of the company’s stock worth $142,669,000 after purchasing an additional 218,760 shares in the last quarter. Investment Planning Advisors Inc. bought a new stake in Invesco S&P 500 GARP ETF during the second quarter valued at approximately $12,650,000. Sanctuary Advisors LLC purchased a new position in Invesco S&P 500 GARP ETF in the 2nd quarter worth approximately $12,091,000. LPL Financial LLC increased its holdings in shares of Invesco S&P 500 GARP ETF by 3.1% in the 2nd quarter. LPL Financial LLC now owns 3,639,864 shares of the company’s stock worth $374,105,000 after buying an additional 109,896 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Invesco S&P 500 GARP ETF in the 3rd quarter worth $9,526,000.

Invesco S&P 500 GARP ETF Price Performance

Shares of NYSEARCA:SPGP opened at $108.93 on Friday. The company’s fifty day moving average price is $108.56 and its 200-day moving average price is $104.63. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 15.92 and a beta of 0.97. Invesco S&P 500 GARP ETF has a one year low of $93.84 and a one year high of $112.90.

Invesco S&P 500 GARP ETF Company 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.