Gateway Advisory LLC Boosts Stake in Invesco S&P MidCap 400 GARP ETF (NYSEARCA:EWMC)

Gateway Advisory LLC lifted its holdings in shares of Invesco S&P MidCap 400 GARP ETF (NYSEARCA:EWMCFree Report) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,321 shares of the company’s stock after acquiring an additional 393 shares during the quarter. Invesco S&P MidCap 400 GARP ETF accounts for about 0.4% of Gateway Advisory LLC’s investment portfolio, making the stock its 29th biggest position. Gateway Advisory LLC owned approximately 0.86% of Invesco S&P MidCap 400 GARP ETF worth $1,940,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of EWMC. Ameriprise Financial Inc. raised its holdings in Invesco S&P MidCap 400 GARP ETF by 993.3% in the first quarter. Ameriprise Financial Inc. now owns 253,635 shares of the company’s stock valued at $22,055,000 after acquiring an additional 230,435 shares in the last quarter. Morgan Stanley raised its stake in shares of Invesco S&P MidCap 400 GARP ETF by 478.3% in the 4th quarter. Morgan Stanley now owns 128,792 shares of the company’s stock valued at $10,782,000 after purchasing an additional 106,520 shares in the last quarter. LPL Financial LLC lifted its position in shares of Invesco S&P MidCap 400 GARP ETF by 16.6% during the first quarter. LPL Financial LLC now owns 115,056 shares of the company’s stock worth $10,009,000 after purchasing an additional 16,346 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Invesco S&P MidCap 400 GARP ETF by 0.5% during the fourth quarter. Wells Fargo & Company MN now owns 97,831 shares of the company’s stock worth $8,190,000 after purchasing an additional 440 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in Invesco S&P MidCap 400 GARP ETF by 16.8% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 54,141 shares of the company’s stock worth $4,927,000 after purchasing an additional 7,774 shares in the last quarter.

Invesco S&P MidCap 400 GARP ETF Price Performance

Shares of EWMC stock traded up $1.20 on Friday, hitting $90.48. 16,824 shares of the stock traded hands, compared to its average volume of 13,864. The company’s fifty day moving average is $86.77 and its 200 day moving average is $88.68. Invesco S&P MidCap 400 GARP ETF has a 1-year low of $74.63 and a 1-year high of $96.13. The company has a market capitalization of $224.39 million, a PE ratio of 13.60 and a beta of 1.20.

About Invesco S&P MidCap 400 GARP ETF

(Free Report)

The Invesco S&P MidCap 400 Equal Weight ETF (EWMC) is an exchange-traded fund that is based on the S&P MidCap 400 Equal Weighted index. The fund tracks an equal-weighted index consisting of mid-cap US firms. EWMC was launched on Dec 8, 2010 and is managed by Invesco.

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Institutional Ownership by Quarter for Invesco S&P MidCap 400 GARP ETF (NYSEARCA:EWMC)

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