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

Kingsview Wealth Management LLC has reported a reduction in its investment in the Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 39.3% during the third quarter, based on its latest filing with the SEC. Following the sale of 3,594 shares, the firm now holds 5,553 shares of the ETF. As of the most recent filing, the total value of Kingsview Wealth Management LLC's holdings in this ETF amounts to approximately $581,000.

In addition to Kingsview, several other institutional investors have also made changes to their positions in the Invesco S&P 500 GARP ETF. For instance, Brookstone Capital Management acquired a new investment in the second quarter worth about $339,000. Cozad Asset Management Inc. increased its stake in the ETF by 5.1% during the same period, now owning 69,322 shares valued at $7,125,000 after purchasing an additional 3,359 shares. Likewise, Belpointe Asset Management LLC raised its position by 13.3%, bringing its total to 7,985 shares worth around $821,000 after acquiring 939 more shares.

CWM LLC also raised its holdings in the ETF by 6.6%, now owning 9,181 shares valued at $944,000, following the purchase of an additional 568 shares. Additionally, Invst LLC boosted its investment by 13.8%, resulting in ownership of 13,211 shares worth $1,352,000 after acquiring 1,603 more shares.

Invesco S&P 500 GARP ETF Stock Overview

As of Thursday, shares of the Invesco S&P 500 GARP ETF opened at $111.79. Over the last year, the ETF has seen prices fluctuate, with a low of $92.43 and a high of $112.83. Currently, the fifty-day moving average stands at $107.02, while the 200-day moving average is $104.04. The ETF has a market capitalization of $5.32 billion and continues to reflect a price-to-earnings ratio of 15.92, alongside a beta of 0.97 which indicates its volatility relative to the market.

Invesco S&P 500 GARP ETF Details

The Invesco S&P 500 GARP ETF, known by its ticker SPGP, is designed to track an index of S&P 500 stocks identified by their growth, quality, and value characteristics, while placing greater emphasis on growth. The ETF was launched on June 16, 2011, and is managed by Invesco.

investment, ETF, management