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

Kingsview Wealth Management LLC has made a significant adjustment to its investment portfolio by reducing its holdings in the Invesco S&P 500 GARP ETF (NYSEARCA:SPGP) by 39.3% during the third quarter. According to the latest filing with the SEC, the firm sold 3,594 shares, leaving it with a total of 5,553 shares in the ETF. Following this transaction, Kingsview’s investments in the Invesco S&P 500 GARP ETF were valued at approximately $581,000.

In addition to Kingsview Wealth Management's changes, many other institutional investors have also been active with their positions in SPGP. For instance, Brookstone Capital Management acquired a new investment in the ETF in the second quarter, with a purchase amounting to about $339,000. Meanwhile, Cozad Asset Management Inc. raised its stake by 5.1%, and after buying an additional 3,359 shares, now holds 69,322 shares valued at $7,125,000. Additionally, Belpointe Asset Management LLC increased its holdings by 13.3%, bringing its total to 7,985 shares worth $821,000 after acquiring 939 shares in the previous quarter.

Other Investors' Activities

CWM LLC also raised its stakes by 6.6%, owning 9,181 shares with a worth of $944,000 after purchasing an additional 568 shares. Invst LLC enhanced its holdings by 13.8%, now controlling 13,211 shares valued at $1,352,000 since acquiring 1,603 additional shares in the last quarter.

Current Stock Performance

The Invesco S&P 500 GARP ETF opened trading at $111.79 on Thursday. Over the past year, the ETF has experienced a low of $92.43 and a high of $112.83. It has a fifty-day moving average of $107.02 and a 200-day average of $104.04. With a market capitalization of $5.32 billion, the ETF has a price-to-earnings ratio of 15.92 and a beta of 0.97, indicating its volatility relative to the market.

About Invesco S&P 500 GARP ETF

The Invesco S&P 500 GARP ETF (SPGP) is an exchange-traded fund designed to track the S&P 500 GARP Index. This ETF targets stocks within the S&P 500 that exhibit growth, quality, and value characteristics, with a focus on growth weighting. It was launched on June 16, 2011, and is managed by Invesco, a well-known asset management firm.

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