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

Kingsview Wealth Management LLC has made a significant adjustment to its investment portfolio by reducing its stake in the Invesco S&P 500 GARP ETF (NYSEARCA:SPGP – Free Report) by 39.3% during the third quarter, according to their latest filing with the SEC. Following this sale, the fund now possesses 5,553 shares of the ETF, having sold off 3,594 shares in the specified period. As of the most recent SEC filing, the value of Kingsview Wealth Management LLC's holdings in the Invesco S&P 500 GARP ETF was approximately $581,000.

In addition to Kingsview's adjustments, several other hedge funds and institutional investors have also modified their positions in SPGP recently. For instance, Brookstone Capital Management established a new investment in the Invesco S&P 500 GARP ETF during the second quarter, totaling around $339,000. Similarly, Cozad Asset Management Inc. increased its holdings in the ETF by 5.1% during the same quarter, bringing their ownership to 69,322 shares valued at approximately $7,125,000 after acquiring an additional 3,359 shares. Another notable change was made by Belpointe Asset Management LLC, which enhanced its position in the ETF by 13.3%, owning 7,985 shares valued at $821,000 after purchasing 939 additional shares during the last quarter.

CWM LLC also raised its stake in the Invesco S&P 500 GARP ETF by 6.6%, now owning 9,181 shares worth $944,000 after acquiring 568 more shares. Furthermore, Invst LLC increased its holdings in SPGP by 13.8%, which means they now possess 13,211 shares valued at $1,352,000 following the acquisition of another 1,603 shares last quarter.

Invesco S&P 500 GARP ETF Stock Overview

As of Thursday, shares of the Invesco S&P 500 GARP ETF opened at $111.79. The ETF has experienced a 52-week low of $92.43 and a 52-week high of $112.83. The fund's fifty-day moving average stands at $107.02, while the 200-day moving average is at $104.04. Currently, the ETF boasts a market capitalization of approximately $5.32 billion, with a price-to-earnings ratio of 15.92 and a beta of 0.97, indicating its volatility in the market.

About 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 fund specifically seeks to replicate the performance of an index composed of S&P 500 stocks that are selected based on growth, quality, and value criteria, all weighted by growth factors. Established on June 16, 2011, the fund is managed by Invesco.

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