GRPM: Excellent Fundamentals, But Not The Best 'GARP' ETF

(6min)

Summary

  • The Invesco S&P MidCap 400 GARP ETF focuses on "growth at a reasonable price" and holds 60 stocks from the S&P MidCap 400 Index.
  • GRPM is well-diversified across sectors and holdings and combines excellent value and growth fundamentals.
  • GRPM has closely followed its parent index for 14 years, except a short period of outperformance.
  • GRPM has outperformed some mid-cap growth and value ETFs since 2020, but another 'GARP' ETF looks more attractive.
  • Quantitative Risk & Value members get exclusive access to our real-world portfolio. See all our investments here »

Wooden seesaw scale empty on wooden sphere on wood table with wording VALUE and PRICE balancing

marchmeena29

This article updates my previous review of GRPM in light of current data.

GRPM strategy

Invesco S&P MidCap 400 GARP ETF (NYSEARCA:GRPM) was launched on 12/03/2010 and tracks the S&P MidCap 400 GARP Index. It has a portfolio of

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This article was written by

Fred Piard profile picture
15.8K Followers

Fred Piard, PhD. is a quantitative analyst and IT professional with over 30 years of experience working in technology. He is the author of three books and has been investing in data-driven systematic strategies since 2010.

Fred runs the investing group Quantitative Risk & Value where he shares a portfolio invested in quality dividend stocks, and companies at the forefront of tech innovation. Fred also supplies market risk indicators, a real estate strategy, a bond strategy, and an income strategy in closed-end funds. Learn more.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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About GRPM ETF

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