Envestnet Asset Management Inc. Purchases 2,653 Shares of Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM)

Envestnet Asset Management Inc. grew its holdings in Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) by 9.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,993 shares of the company’s stock after purchasing an additional 2,653 shares during the period. Envestnet Asset Management Inc. owned about 0.64% of Invesco S&P MidCap 400 GARP ETF worth $3,245,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GRPM. 626 Financial LLC grew its stake in Invesco S&P MidCap 400 GARP ETF by 120.8% in the first quarter. 626 Financial LLC now owns 103,039 shares of the company’s stock valued at $10,788,000 after purchasing an additional 56,381 shares in the last quarter. Raymond James Financial Inc. bought a new position in Invesco S&P MidCap 400 GARP ETF during the fourth quarter worth $6,157,000. Bank of America Corp DE grew its stake in Invesco S&P MidCap 400 GARP ETF by 41.2% in the 4th quarter. Bank of America Corp DE now owns 167,572 shares of the company’s stock valued at $18,894,000 after buying an additional 48,871 shares during the last quarter. Summit Investment Advisors Inc. bought a new position in Invesco S&P MidCap 400 GARP ETF in the 4th quarter valued at about $4,278,000. Finally, Prevail Innovative Wealth Advisors LLC acquired a new stake in Invesco S&P MidCap 400 GARP ETF during the fourth quarter worth approximately $3,116,000.

Invesco S&P MidCap 400 GARP ETF Stock Up 1.1%

Shares of NYSEARCA:GRPM opened at $116.22 on Friday. Invesco S&P MidCap 400 GARP ETF has a 12-month low of $89.15 and a 12-month high of $127.48. The stock has a market cap of $474.18 million, a PE ratio of 13.88 and a beta of 1.09. The business has a 50 day moving average of $108.97 and a 200-day moving average of $107.47.

Invesco S&P MidCap 400 GARP ETF Company Profile

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.