GRPM: Strategy Change Prompts Huge Returns For This S&P MidCap 400 GARP ETF [Seeking Alpha]
S&P Global Inc. (SPGI)
Last s&p global inc. earnings: 4/28 07:10 am
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Source: Seeking Alpha
Backtested data provided by S&P Dow Jones Indices indicates this substantial outperformance is an anomaly. The Index's ten-year monthly win rate is 54%, though its recent performance was excellent. My fundamental analysis reveals GRPM to be highly volatile (1.43 five-year beta), though its growth and value combination beats nearly every other fund in its category, as expected. The caveat is that the Index relies on historical metrics to select 49-72 mid-cap stocks. Unfortunately, consensus estimates aren't optimistic, and GRPM's estimated EPS growth rate is 7% lower than the S&P MidCap 400 Index benchmark. Given the uncertainty and volatility, I've assigned a "hold" rating to GRPM and recommend investors proceed with caution. Investment Thesis This article initiates my coverage of the Invesco S&P MidCap 400 GARP ETF ( NYSEARCA: GRPM ), a growth-at-a-reasonable-price fund that changed strategies effective August 28, 2023. Below, you'll find a fundamental comparison between G
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SPGI
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- 4/26/24 - Miss
SPGI
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- 5/17/24 - Form 4
- 5/15/24 - Form 144
- 5/6/24 - Form 8-K
- SPGI's page on the SEC website