LPL Financial LLC Boosts Holdings in Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM)

LPL Financial LLC raised its stake in shares of Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) by 3.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 198,873 shares of the company’s stock after buying an additional 6,836 shares during the period. LPL Financial LLC owned about 0.06% of Invesco S&P MidCap 400 GARP ETF worth $22,423,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Merit Financial Group LLC acquired a new stake in Invesco S&P MidCap 400 GARP ETF during the fourth quarter worth about $7,022,000. Raymond James Financial Inc. purchased a new stake in Invesco S&P MidCap 400 GARP ETF in the 4th quarter worth approximately $6,157,000. Marshall Investment Management LLC acquired a new stake in shares of Invesco S&P MidCap 400 GARP ETF during the 4th quarter worth approximately $3,769,000. Manning & Napier Advisors LLC purchased a new position in shares of Invesco S&P MidCap 400 GARP ETF during the 4th quarter valued at approximately $3,297,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of Invesco S&P MidCap 400 GARP ETF by 83.8% in the 4th quarter. Jones Financial Companies Lllp now owns 58,087 shares of the company’s stock valued at $6,549,000 after purchasing an additional 26,492 shares during the period.

Invesco S&P MidCap 400 GARP ETF Stock Performance

GRPM stock opened at $104.55 on Monday. Invesco S&P MidCap 400 GARP ETF has a one year low of $100.88 and a one year high of $127.48. The firm’s fifty day moving average is $110.02 and its 200 day moving average is $114.90. The firm has a market cap of $520.66 million, a PE ratio of 12.13 and a beta of 1.23.

Invesco S&P MidCap 400 GARP ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 24th were given a dividend of $0.4064 per share. The ex-dividend date was Monday, March 24th. This is a boost from Invesco S&P MidCap 400 GARP ETF’s previous dividend of $0.30.

Invesco S&P MidCap 400 GARP ETF Company 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.