Key stats
About Invesco S&P MidCap 400 GARP ETF
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Inception date
Dec 8, 2010
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
GRPM tracks a mid-cap index of growth stocks with perceived quality and value characteristics. Starting with an index universe of US mid-cap securities, the fund computes Growth z-scores and Quality & Value (QV) composite z-scores for all eligible stocks. The Growth Score factors earnings and sales per share, while the QV composite is based on financial leverage, return on equity, and earnings-to-price valuations. The fund selects the 120 highest-ranked growth stocks and the top 60 QV stocks, subject to certain buffers. Holdings are weighted by Growth Scores but with set concentration and sector limits. The index is rebalanced semi-annually on the third Friday of June and December. Note: Prior to Jan. 27, 2016, the fund tracked the Russell MidCap Equal Weight Index under the ticker EWRM. Before Aug. 28, 2023, the fund traded under the name Invesco S&P MidCap 400 Equal Weight ETF with the ticker EWMC, while tracking the S&P MidCap 400 Equal Weight Index.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Technology Services
Industrial Services
Stocks99.91%
Finance28.24%
Technology Services11.42%
Industrial Services10.02%
Energy Minerals7.12%
Health Technology7.10%
Consumer Services6.59%
Consumer Non-Durables5.66%
Electronic Technology4.20%
Producer Manufacturing3.77%
Commercial Services3.07%
Consumer Durables2.97%
Retail Trade2.92%
Health Services1.92%
Non-Energy Minerals1.81%
Process Industries1.81%
Distribution Services1.29%
Bonds, Cash & Other0.09%
Mutual fund0.09%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
GRPM invests in stocks. The fund's major sectors are Finance, with 28.24% stocks, and Technology Services, with 11.42% of the basket. The assets are mostly located in the North America region.
GRPM top holdings are Celsius Holdings, Inc. and AppFolio Inc Class A, occupying 2.88% and 2.63% of the portfolio correspondingly.
GRPM last dividends amounted to 0.49 USD. The quarter before, the issuer paid 0.41 USD in dividends, which shows a 16.79% increase.
GRPM assets under management is 461.15 M USD. It's risen 2.60% over the last month.
GRPM fund flows account for 32.71 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, GRPM pays dividends to its holders with the dividend yield of 1.24%. The last dividend (Jun 27, 2025) amounted to 0.49 USD. The dividends are paid quarterly.
GRPM shares are issued by Invesco Ltd. under the brand Invesco. The ETF was launched on Dec 8, 2010, and its management style is Passive.
GRPM expense ratio is 0.35% meaning you'd have to pay 0.35% of your investment to help manage the fund.
GRPM follows the S&P MidCap 400 GARP Index - USD - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
GRPM invests in stocks.
GRPM price has risen by 4.34% over the last month, and its yearly performance shows a −7.29% decrease. See more dynamics on GRPM price chart.
NAV returns, another gauge of an ETF dynamics, showed a 15.57% increase in three-month performance and has decreased by −5.77% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 15.57% increase in three-month performance and has decreased by −5.77% in a year.
GRPM trades at a premium (0.14%) meaning the ETF is trading at a higher price than the calculated NAV.