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

On October 13, 2024, it was reported that Brookstone Capital Management has significantly increased its investment in the Invesco S&P 500 GARP ETF (NYSEARCA: SPGP) during the third quarter of this year. According to their latest 13F filing submitted to the Securities and Exchange Commission (SEC), the management firm has raised its stake in the ETF by an impressive 96.5%. This strategic move brings Brookstone's total holdings in the ETF to 6,329 shares, following their purchase of an additional 3,108 shares throughout the quarter.

The current market value of Brookstone Capital Management’s investments in the Invesco S&P 500 GARP ETF stands at approximately $662,000, as reported in their most recent filing with the SEC. This investment highlights Brookstone’s bullish outlook on the ETF, which is known for targeting conservative growth stocks within the S&P 500 index.

In addition to Brookstone, several other institutional investors and hedge funds have made adjustments to their positions in the SPGP ETF. For instance, WealthTrust Asset Management LLC increased its holdings by 4.1% in the second quarter, acquiring an additional 108 shares, which brought its total to 2,767 shares valued at around $284,000. Fifth Third Wealth Advisors LLC also expanded its investment by 5.0% in the first quarter, now possessing 2,610 shares valued at approximately $278,000 after buying an extra 125 shares. Concurrent Investment Advisors LLC raised its holdings by 6.4% in the second quarter, now owning 2,245 shares valued at $231,000, following the purchase of 135 additional shares during that time.

Moreover, EP Wealth Advisors LLC uplifted its stake in the Invesco ETF by 7.2%, acquiring an extra 142 shares and totaling 2,104 shares valued at $216,000. ERn Financial LLC also made adjustments, increasing its holdings by 0.6% to possess 31,821 shares valued at about $3,271,000 after acquiring an additional 185 shares.

Invesco S&P 500 GARP ETF Performance Overview

As of the latest trading session, shares of Invesco S&P 500 GARP ETF opened at $107.06. The last year has seen a fluctuation in the ETF’s price, reaching a low of $86.16 and a high of $107.33. The ETF exhibits a market capitalization of approximately $5.09 billion, with a P/E ratio of 15.92 and a beta of 0.97, indicating a relatively stable stock performance in regard to market volatility. The 50-day simple moving average for the ETF is $102.46, while the 200-day simple moving average is $102.91, showing a positive trend in its pricing.

About Invesco S&P 500 GARP ETF

The Invesco S&P 500 GARP ETF (SPGP) is an exchange-traded fund that aims to reflect the performance of the S&P 500 GARP index. This fund focuses on selecting stocks based on their growth potential, quality, and value attributes, ensuring they are weighted toward growth. SPGP was launched on June 16, 2011, and is managed by Invesco, a well-known asset management company.

Final Thoughts

The recent increase in share purchases by Brookstone Capital Management, alongside other institutional investors, underscores a growing confidence in the Invesco S&P 500 GARP ETF. The developments in capital investment indicate a strategic effort among these firms to aim for favorable returns through diversified stock holdings within the ETF.

Brookstone, Investment, ETF