Raymond James Financial Inc. Purchases Shares of 54,603 Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM)

Raymond James Financial Inc. acquired a new position in Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 54,603 shares of the company’s stock, valued at approximately $6,157,000.

Several other hedge funds have also recently made changes to their positions in the business. FMR LLC grew its stake in 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 purchasing an additional 286 shares during the period. Glass Jacobson Investment Advisors llc boosted its holdings in shares of 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 worth $66,000 after buying an additional 502 shares in the last quarter. Global Retirement Partners LLC grew its position in shares of Invesco S&P MidCap 400 GARP ETF by 186.5% during the 4th quarter. Global Retirement Partners LLC now owns 596 shares of the company’s stock worth $67,000 after buying an additional 388 shares during the period. Compass Capital Corp MA ADV bought a new stake in shares of Invesco S&P MidCap 400 GARP ETF in the 4th quarter valued at $220,000. Finally, Embree Financial Group acquired a new position in shares of Invesco S&P MidCap 400 GARP ETF during the 4th quarter valued at $253,000.

Invesco S&P MidCap 400 GARP ETF Stock Up 2.7 %

Shares of NYSEARCA GRPM opened at $108.57 on Tuesday. The firm has a market cap of $540.68 million, a PE ratio of 12.13 and a beta of 1.23. The company’s fifty day simple moving average is $110.80 and its 200 day simple moving average is $114.99. Invesco S&P MidCap 400 GARP ETF has a 12-month low of $100.88 and a 12-month high of $127.48.

Invesco S&P MidCap 400 GARP ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 24th will be paid a $0.4064 dividend. The ex-dividend date of this dividend is Monday, March 24th. This is an increase 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.