(SPGP) Invesco SP500 GARP - Ratings and Ratios

The Invesco S&P 500 GARP ETF (NYSE ARCA: SPGP) is designed to provide exposure to growth stocks within the S&P 500 Index that exhibit high quality and value characteristics. The fund typically allocates at least 90% of its assets to securities included in its underlying index, which is maintained by an independent provider. This index is constructed to track approximately 75 growth-oriented companies from the S&P 500, selected based on their composite scores for growth, quality, and value.

Ticker Symbol: SPGP | Exchange: NYSE ARCA | Type: ETF | Country Origin: USA | ETF Category: Large Value

Based on the provided data, the ETF is currently trading at 96.60, below its 20-day SMA of 93.57 but above its 50-day SMA of 98.71. The 200-day SMA stands at 103.33, indicating a longer-term downtrend. The Average True Range (ATR) of 3.03 suggests moderate volatility. The funds assets under management (AUM) total $2.76 billion, reflecting its popularity among investors seeking large-cap value exposure.

3-Month Forecast: The ETF is likely to face headwinds in the near term, as the 20-day SMA remains below the 50-day SMA, signaling a bearish trend. Support may be found near the 200-day SMA at 103.33. However, with an ATR of 3.03, the fund could experience price swings within a range of approximately 94.00 to 99.20 over the next three months. Investors should monitor the broader market sentiment and the relative strength of large-cap value stocks during this period.