Raymond James Financial Inc. Sells 13,604 Shares of Invesco S&P MidCap 400 GARP ETF $GRPM

Raymond James Financial Inc. lessened its stake in shares of Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) by 24.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,000 shares of the company’s stock after selling 13,604 shares during the quarter. Raymond James Financial Inc.’s holdings in Invesco S&P MidCap 400 GARP ETF were worth $4,293,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Citadel Advisors LLC raised its holdings in shares of Invesco S&P MidCap 400 GARP ETF by 144.5% in the 4th quarter. Citadel Advisors LLC now owns 16,435 shares of the company’s stock worth $1,853,000 after buying an additional 9,713 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Invesco S&P MidCap 400 GARP ETF by 2.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,495 shares of the company’s stock worth $2,251,000 after buying an additional 450 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Invesco S&P MidCap 400 GARP ETF in the 4th quarter worth approximately $750,000. Envestnet Asset Management Inc. increased its holdings in Invesco S&P MidCap 400 GARP ETF by 9.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 30,993 shares of the company’s stock valued at $3,245,000 after purchasing an additional 2,653 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Invesco S&P MidCap 400 GARP ETF by 41.8% during the 4th quarter. Ameriprise Financial Inc. now owns 76,054 shares of the company’s stock valued at $8,575,000 after purchasing an additional 22,410 shares in the last quarter.

Invesco S&P MidCap 400 GARP ETF Stock Performance

Shares of GRPM opened at $120.75 on Friday. The firm has a market capitalization of $486.62 million, a price-to-earnings ratio of 13.88 and a beta of 1.09. The business’s fifty day moving average price is $115.08 and its two-hundred day moving average price is $107.91. Invesco S&P MidCap 400 GARP ETF has a 52 week low of $89.15 and a 52 week high of $127.48.

About Invesco S&P MidCap 400 GARP ETF

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.