Invesco S&P 500 GARP ETF (SPGP)
Invesco S&P 500 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 $127.69, down 0.23% on the session, giving a market capitalisation of $2.23B. Its beta of 0.96 implies it has historically moved less than the broad market.
The Invesco S&P 500 GARP ETF is designed to track the S&P 500 Growth at a Reasonable Price Index. This fund commits to allocating at least 90% of its total capital to the component securities of its benchmark index. The index itself is composed of approximately 75 stocks from the S&P 500, which are identified based on their leading "growth scores" and "quality and value composite scores," determined by the index's specific methodology. The weighting of each constituent within the index is proportionate to its growth score. Both the ETF and its underlying index are rebalanced and reconstituted twice per year.
Invesco S&P 500 GARP ETF is most often compared with the following Financial Services names: