626 Financial LLC boosted its holdings in Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM – Free Report) by 112.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 46,658 shares of the company’s stock after purchasing an additional 24,737 shares during the quarter. Invesco S&P MidCap 400 GARP ETF makes up 2.8% of 626 Financial LLC’s portfolio, making the stock its 9th largest position. 626 Financial LLC’s holdings in Invesco S&P MidCap 400 GARP ETF were worth $5,261,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Glass Jacobson Investment Advisors llc raised its stake in Invesco S&P MidCap 400 GARP ETF by 772.3% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 567 shares of the company’s stock valued at $66,000 after purchasing an additional 502 shares during the period. MML Investors Services LLC raised its stake in Invesco S&P MidCap 400 GARP ETF by 12.4% during the 3rd quarter. MML Investors Services LLC now owns 17,496 shares of the company’s stock valued at $2,048,000 after purchasing an additional 1,935 shares during the period. Townsquare Capital LLC bought a new stake in Invesco S&P MidCap 400 GARP ETF during the 3rd quarter valued at approximately $264,000. FMR LLC raised its stake in Invesco S&P MidCap 400 GARP ETF by 106.3% during the 3rd quarter. FMR LLC now owns 555 shares of the company’s stock valued at $65,000 after purchasing an additional 286 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in Invesco S&P MidCap 400 GARP ETF by 6.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 4,504 shares of the company’s stock valued at $527,000 after purchasing an additional 265 shares during the period.
Invesco S&P MidCap 400 GARP ETF Price Performance
NYSEARCA:GRPM opened at $115.36 on Wednesday. Invesco S&P MidCap 400 GARP ETF has a 1 year low of $95.17 and a 1 year high of $127.48. The stock’s 50 day simple moving average is $118.60 and its two-hundred day simple moving average is $116.83. The company has a market cap of $401.45 million, a price-to-earnings ratio of 11.81 and a beta of 1.14.
About Invesco S&P MidCap 400 GARP ETF
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.
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