Brookstone Capital Management Increases Stake in Invesco S&P 500 GARP ETF

On October 13, 2024, it was reported that Brookstone Capital Management has significantly increased its investment in the Invesco S&P 500 GARP ETF (NYSEARCA:SPGP). According to their most recent 13F filing with the Securities and Exchange Commission (SEC), Brookstone Capital Management's stake rose by an impressive 96.5% during the third quarter of 2024. They added a total of 3,108 shares, bringing their total holdings to 6,329 shares of the ETF, which were valued at approximately $662,000 based on the latest filing.

Alongside Brookstone, several other institutional investors have also made notable changes to their positions in SPGP. For instance, WealthTrust Asset Management LLC increased its holdings by 4.1% in the second quarter, acquiring an additional 108 shares to now own a total of 2,767 shares valued at about $284,000. Similarly, Fifth Third Wealth Advisors LLC raised its stake by 5.0%, resulting in ownership of 2,610 shares worth approximately $278,000 after purchasing 125 additional shares in the previous quarter. Concurrent Investment Advisors LLC increased its holdings by 6.4%, bringing their total to 2,245 shares valued at $231,000 after buying an extra 135 shares.

Moreover, EP Wealth Advisors LLC enhanced its stake in the ETF by 7.2%, accumulating 2,104 shares worth $216,000 following an increase of 142 shares. ERn Financial LLC made a marginal increase of 0.6% in its holdings, now owning 31,821 shares valued at around $3,271,000 after acquiring 185 more shares recently.

Invesco S&P 500 GARP ETF Overview

Currently, the Invesco S&P 500 GARP ETF has opened trading at $107.06. Over the past year, the ETF has experienced a low point of $86.16 and reached a high of $107.33. The fund averages are relatively stable, with a 50-day simple moving average of $102.46 and a 200-day moving average at $102.91. The ETF boasts a market capitalization of about $5.09 billion and has a price-to-earnings (P/E) ratio of 15.92, accompanied by a beta of 0.97, indicating its level of volatility compared to the overall market.

Details about Invesco S&P 500 GARP ETF

The Invesco S&P 500 GARP ETF, commonly referred to as SPGP, is designed to track an index of S&P 500 stocks selected based on growth, quality, and value characteristics, with a focus on growth. The ETF was established on June 16, 2011, and is managed by Invesco, one of the leading investment management firms.

For more information about stock investments, including insights into the performance of the Invesco S&P 500 GARP ETF, or to explore other investment opportunities, investors may wish to consider various articles and strategies available in the financial market.

Brookstone, Investment, ETF