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

On October 13th, 2024, it was reported that Brookstone Capital Management made significant changes to its investment portfolio by increasing its stake in the Invesco S&P 500 GARP ETF (NYSEARCA:SPGP). According to the latest 13F filing with the Securities and Exchange Commission (SEC), the firm raised its ownership in the ETF by an impressive 96.5% during the third quarter of the year. As a result, Brookstone now holds a total of 6,329 shares of the fund after acquiring an additional 3,108 shares during this period. The value of these holdings is estimated at approximately $662,000 based on the recent filing data.

Invesco S&P 500 GARP ETF has recently seen interest from a variety of institutional investors. WealthTrust Asset Management LLC, for instance, increased its stake by 4.1% in the second quarter, bringing its total to 2,767 shares valued at around $284,000 after securing 108 extra shares. Similarly, Fifth Third Wealth Advisors LLC boosted its investment in SPGP by 5.0% in the first quarter, resulting in 2,610 shares valued at $278,000, following an increase of 125 shares. Concurrent Investment Advisors LLC also raised its position by 6.4% in the second quarter, now holding 2,245 shares worth roughly $231,000 after acquiring 135 additional shares. Additionally, EP Wealth Advisors LLC enhanced its stake by 7.2%, owning 2,104 shares valued at $216,000 after purchasing 142 more shares. Lastly, ERn Financial LLC slightly boosted its holdings by 0.6% in the second quarter, leading to a total of 31,821 shares valued at approximately $3,271,000 after acquiring an extra 185 shares.

Current Performance of Invesco S&P 500 GARP ETF

The Invesco S&P 500 GARP ETF is currently trading at $107.06. Over the last year, the fund has seen a low of $86.16 and a high of $107.33. The moving averages for the ETF stand at a 50-day simple moving average of $102.46 and a 200-day simple moving average of $102.91. With a market capitalization of $5.09 billion and a P/E ratio of 15.92, this ETF maintains a beta of 0.97, indicating its volatility in relation to the market.

About Invesco S&P 500 GARP ETF

The Invesco S&P 500 GARP ETF (SPGP) is an exchange-traded fund that seeks to replicate the performance of the S&P 500 GARP index. This fund focuses on S&P 500 stocks that are selected based on a combination of growth, quality, and value factors, weighted by growth characteristics. Launched on June 16, 2011, SPGP is managed by Invesco, a reputable name in the investment management field.

Further Information

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