Invesco S&P SmallCap 600 GARP ETF (GRPZ)
Invesco S&P SmallCap 600 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 $33.19, down 0.16% on the session, giving a market capitalisation of $2.6M. Its beta of 0.84 implies it has historically moved less than the broad market.
The Invesco S&P SmallCap 600 GARP ETF (GRPZ) is designed to mirror the performance of the S&P SmallCap 600 GARP Index. To achieve this, the Fund allocates at least 90% of its total assets to the equities included in this benchmark index. The underlying index itself typically holds around 90 companies drawn from the wider S&P SmallCap 600, specifically those identified as having strong combined scores for both quality and value, based on its proprietary selection rules. Both the ETF and its tracking index undergo adjustments twice a year, with rebalancing taking place after the market closes on the third Friday in June and December.
Invesco S&P SmallCap 600 GARP ETF is most often compared with the following Financial Services names: