Seros Financial LLC Makes New Investment in Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM)

Seros Financial LLC purchased a new stake in Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,528 shares of the company’s stock, valued at approximately $976,000. Invesco S&P MidCap 400 GARP ETF accounts for about 0.9% of Seros Financial LLC’s portfolio, making the stock its 22nd largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Invesco S&P MidCap 400 GARP ETF by 106.3% during the third quarter. FMR LLC now owns 555 shares of the company’s stock worth $65,000 after buying an additional 286 shares during the period. Glass Jacobson Investment Advisors llc boosted its holdings in Invesco S&P MidCap 400 GARP ETF by 772.3% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 567 shares of the company’s stock valued at $66,000 after acquiring an additional 502 shares during the period. Creative Financial Designs Inc. ADV grew its position in Invesco S&P MidCap 400 GARP ETF by 121.4% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,302 shares of the company’s stock valued at $152,000 after acquiring an additional 714 shares in the last quarter. Townsquare Capital LLC purchased a new stake in Invesco S&P MidCap 400 GARP ETF during the third quarter worth about $264,000. Finally, Signature Estate & Investment Advisors LLC lifted its position in shares of Invesco S&P MidCap 400 GARP ETF by 16.0% during the third quarter. Signature Estate & Investment Advisors LLC now owns 2,423 shares of the company’s stock worth $284,000 after purchasing an additional 335 shares in the last quarter.

Invesco S&P MidCap 400 GARP ETF Stock Performance

NYSEARCA GRPM opened at $117.77 on Friday. The firm has a 50 day simple moving average of $117.98 and a 200-day simple moving average of $116.99. The firm has a market cap of $409.84 million, a price-to-earnings ratio of 11.81 and a beta of 1.14. Invesco S&P MidCap 400 GARP ETF has a one year low of $97.75 and a one year high of $127.48.

Invesco S&P MidCap 400 GARP ETF Profile

The Invesco S&P MidCap 400 GARP ETF (GRPM) is an exchange-traded fund that is based on the S&P MidCap 400 GARP index. The fund tracks an index of US mid-cap growth stocks with perceived quality and value characteristics. GRPM was launched on Dec 8, 2010 and is issued by Invesco.