LPL Financial LLC Purchases 6,836 Shares of Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM)

Posted by Editorial Team on Mar 31st, 2025

LPL Financial LLC grew its position in shares of Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM – Free Report) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 198,873 shares of the company’s stock after purchasing an additional 6,836 shares during the period. LPL Financial LLC owned about 5.71% of Invesco S&P MidCap 400 GARP ETF worth $22,423,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GRPM. Merit Financial Group LLC bought a new stake in Invesco S&P MidCap 400 GARP ETF in the 4th quarter worth approximately $7,022,000. Raymond James Financial Inc. bought a new stake in shares of Invesco S&P MidCap 400 GARP ETF in the 4th quarter worth approximately $6,157,000. Marshall Investment Management LLC purchased a new stake in shares of Invesco S&P MidCap 400 GARP ETF in the 4th quarter valued at $3,769,000. Manning & Napier Advisors LLC bought a new position in shares of Invesco S&P MidCap 400 GARP ETF during the 4th quarter valued at $3,297,000. Finally, Jones Financial Companies Lllp raised its position in 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 worth $6,549,000 after purchasing an additional 26,492 shares during the period.

Invesco S&P MidCap 400 GARP ETF Stock Down 2.0 %

NYSEARCA GRPM opened at $104.55 on Monday. The company has a 50-day simple moving average of $110.02 and a two-hundred day simple moving average of $114.90. Invesco S&P MidCap 400 GARP ETF has a 12-month low of $100.88 and a 12-month high of $127.48. The firm has a market cap of $520.66 million, a price-to-earnings ratio of 12.13 and a beta of 1.23.

Invesco S&P MidCap 400 GARP ETF Increases Dividend

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

Invesco S&P MidCap 400 GARP ETF Company Profile

(Free Report)

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.