SPGP - choose a pathAMEX:SPGP offers two potential paths, depending on which formation it takes. Trend and conditions suggest continuation. But the structure allows for a very tight stop at ~105
Key stats
About Invesco S&P 500 GARP ETF
Home page
Inception date
Jun 16, 2011
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Qualified dividends
SPGP seeks growth stocks that also contain quality and value traits, or growth at a reasonable price. Starting from the S&P 500, the underlying index selects 150 names with the highest growth score, derived from trailing 3-year earnings to price growth and sales to price growth. It then picks the top half of these based on a quality and value score, using financial leverage ratio, return on equity and earnings to price. The resulting 75 names are weighted by the growth score. The underlying index undergoes semi-annual rebalance and reconstitution, subject to certain constraints. The maximum weight of each security is 5% while the maximum weight of any given GICS sector is 40%. Prior to June 24, 2019, the fund tracked a Russell pure growth index (perhaps the opposite of GARP in growth context) under a different name and ticker (PXLG).
Classification
What's in the fund
Exposure type
Energy Minerals
Finance
Electronic Technology
Stock breakdown by region
SPFP - Let's be reasonable (growth)I posted recently about how the top stocks leading the market is a persistent trend, and not an anomaly. If the market continues for a strong finish to 2023 (which would be consistent with seasonality and a third year of a presidential cycle), investors late to join recovery from August & September
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.