Kingsview Wealth Management LLC Reduces Stake in Invesco S&P 500 GARP ETF

Kingsview Wealth Management LLC has decreased its investment in the Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 39.3% during the third quarter, as indicated in its latest filing with the Securities and Exchange Commission (SEC). After selling 3,594 shares, the fund now holds a total of 5,553 shares. As per the most recent SEC filing, Kingsview Wealth Management LLC's total investment in the Invesco S&P 500 GARP ETF is valued at approximately $581,000.

In addition to Kingsview, several other institutional investors have also adjusted their positions in the SPGP ETF. For example, Brookstone Capital Management established a new investment in the Invesco S&P 500 GARP ETF during the second quarter, investing around $339,000. Similarly, Cozad Asset Management Inc. increased its holdings by 5.1% in the second quarter and now owns 69,322 shares valued at about $7,125,000 after purchasing an additional 3,359 shares. Another firm, Belpointe Asset Management LLC, raised its stake by 13.3% during the same period, resulting in ownership of 7,985 shares worth $821,000 after acquiring an extra 939 shares. CWM LLC also expanded its position by 6.6%, now holding 9,181 shares valued at $944,000 after buying 568 additional shares. Finally, Invst LLC boosted its holdings in the Invesco S&P 500 GARP ETF by 13.8%, bringing its total to 13,211 shares worth approximately $1,352,000 after acquiring 1,603 shares in the last quarter.

Performance of Invesco S&P 500 GARP ETF

Recently, shares of the Invesco S&P 500 GARP ETF opened at $111.79. The ETF has seen a 52-week low of $92.43 and a high of $112.83. It has a fifty-day moving average of $107.02 and a 200-day moving average of $104.04. The ETF carries a market capitalization of $5.32 billion, with a price-to-earnings ratio of 15.92 and a beta of 0.97, indicating its volatility relative to the market.

Overview of Invesco S&P 500 GARP ETF

The Invesco S&P 500 GARP ETF (SPGP) is an exchange-traded fund that aims to track the S&P 500 GARP index. This index includes S&P 500 stocks that are chosen based on their growth, quality, and value characteristics, and it is weighted by growth metrics. The fund was launched on June 16, 2011, and is managed by Invesco.

investment, ETF, funds