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

Brookstone Capital Management has significantly boosted its stake in the Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 96.5% during the third quarter, as reported in its latest 13F filing with the Securities and Exchange Commission (SEC). After acquiring an additional 3,108 shares in the quarter, the firm now holds a total of 6,329 shares, bringing the value of their holdings to approximately $662,000.

Other institutional investors have also been active in the markets for SPGP shares. For instance, WealthTrust Asset Management LLC raised its investment by 4.1% during the second quarter, resulting in ownership of 2,767 shares valued at $284,000 following a purchase of 108 shares. Likewise, Fifth Third Wealth Advisors LLC grew its position by 5.0% in the first quarter and now owns 2,610 shares worth around $278,000 after acquiring 125 additional shares.

In the same vein, Concurrent Investment Advisors LLC increased their holdings by 6.4% during the second quarter, owning 2,245 shares valued at $231,000 after purchasing 135 extra shares. Furthermore, EP Wealth Advisors LLC expanded its stake by 7.2% in the second quarter, now holding 2,104 shares valued at $216,000 after buying an additional 142 shares. Additionally, ERn Financial LLC raised its investments in SPGP by 0.6% during the same quarter, amassing 31,821 shares valued at $3,271,000 after acquiring 185 more shares.

Invesco S&P 500 GARP ETF Performance Overview

The Invesco S&P 500 GARP ETF opened at $107.06 on the last trading day. Over the past year, the ETF has seen a low of $86.16 and a high of $107.33. Currently, it has a 50-day simple moving average of $102.46 and a two-hundred-day simple moving average of $102.91. The market capitalization of the fund stands at $5.09 billion, featuring a price-to-earnings (P/E) ratio of 15.92 along with a beta value of 0.97.

About Invesco S&P 500 GARP ETF

The Invesco S&P 500 GARP ETF (SPGP) is an exchange-traded fund designed to follow the performance of the S&P 500 GARP index. This fund selects S&P 500 stocks based on specific criteria, focusing on growth, quality, and value traits. The ETF is then weighted by growth. Launched on June 16, 2011, SPGP is managed by Invesco.

Further Information for Investors

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investment, ETF, finance