Invesco S&P MidCap 400 GARP ETF (GRPM)
Invesco S&P MidCap 400 GARP ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Downers Grove, IL, US. The stock last traded at $137.01, up 0.31% on the session, giving a market capitalisation of $470.4M. Its beta of 0.98 implies it has historically moved less than the broad market.
The Invesco S&P MidCap 400 GARP ETF (GRPM) aims to replicate the performance of the S&P MidCap 400 GARP Index. This Fund commits a minimum of 90% of its total capital to the constituent securities of its benchmark index. The Index itself focuses on identifying mid-sized companies that display a combination of steady underlying business growth, attractive valuations, sound fiscal health, and strong profit generation capabilities. To maintain alignment with its strategy, both the ETF and the S&P MidCap 400 GARP Index are rebalanced twice a year, specifically after the market closes on the third Friday of June and December.
Invesco S&P MidCap 400 GARP ETF is most often compared with the following Financial Services names: