Brookstone Capital Management Expands Investment in Invesco S&P 500 GARP ETF

On October 13, 2024, it was reported that Brookstone Capital Management significantly increased its investment in the Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 96.5% during the third quarter. According to the latest 13F filing with the Securities and Exchange Commission (SEC), the firm purchased an additional 3,108 shares, bringing its total holdings to 6,329 shares. This increase has positioned Brookstone's shares in the Invesco ETF to be valued at approximately $662,000 as of the recent filing.

Other institutional investors have also shown interest in the Invesco S&P 500 GARP ETF. WealthTrust Asset Management LLC raised its stake in the ETF by 4.1% in the second quarter, now holding 2,767 shares valued at $284,000 after adding 108 shares in the last quarter. Similarly, Fifth Third Wealth Advisors LLC increased its holdings by 5.0% in the first quarter, with a total of 2,610 shares now worth $278,000 following the acquisition of 125 additional shares.

Concurrent Investment Advisors LLC also enhanced its position in the second quarter, boosting its stakes by 6.4%. They currently hold 2,245 shares valued at $231,000 after acquiring an extra 135 shares. EP Wealth Advisors LLC followed suit by lifting their stake in the ETF by 7.2% in the same quarter, now owning 2,104 shares worth $216,000 after buying 142 additional shares.

ERn Financial LLC made a minor adjustment as well, increasing its holdings by 0.6% during the second quarter to 31,821 shares, currently valued at $3,271,000 after acquiring 185 more shares during the period.

Price Performance of Invesco S&P 500 GARP ETF

As of the last update, shares of the Invesco S&P 500 GARP ETF opened at $107.06. The ETF has experienced a 52-week range with a low of $86.16 and a high of $107.33. The 50-day simple moving average is noted at $102.46, whereas the 200-day simple moving average stands at $102.91. The ETF's market capitalization is reported to be $5.09 billion, featuring a price-to-earnings (P/E) ratio of 15.92, with a beta of 0.97, indicating its volatility in comparison to the broader market.

Overview of Invesco S&P 500 GARP ETF

The Invesco S&P 500 GARP ETF (SPGP) is an exchange-traded fund that replicates the S&P 500 GARP index, focusing on growth and quality traits within value stocks. Managed by Invesco, the fund was launched on June 16, 2011, and aims to provide investors exposure to S&P 500 companies selected for their growth characteristics while maintaining a balanced approach to value.

Brookstone, Invesco, ETF