Invesco S&P 500 GARP ETF $SPGP Dark Pool Buying Detected

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Dark pool activity occurred in the Invesco S&P 500 GARP ETF $SPGP on November 4, 2022.

We think the dark pool trade was buying because of how $SPGP stock rose following the print.

SPGP stock chart on November 4, 2022, with a dark pool trade shown with orange bar and a table to the right with the text TIME SYMBOL MESSAGE PRICE 6:37:53 SPGP 155,600 DARK BLOCK $12.0M 72.79% AvgVol $80.63 6:37:53 SPGP Unusual Dark Pool Activity $80.63

Make sure to review this lesson on dark pool trading so that you understand the chart above.

The Invesco S&P 500 GARP ETF is based on the S&P 500 Growth at a Reasonable Price Index. The Fund will invest at least 90% of its total assets in the same companies as the Index. The Index is made up of about 75 stocks from the S&P 500 Index that have the highest growth scores and quality and value composite scores. These scores were calculated using the indexes method. Growth scores are weighted by the index. The Fund and the Index are rebalanced and reconstituted every six months.

I’m wondering if institutional investors have some inside knowledge about how close the Federal Reserve is to pausing or pivoting from its current rate hike policy and so are adding to long positions in $SPGP stock. That might explain the large $12 million dark pool trade that looks like a buy order.

Investors should have exposure to growth stocks as inflation comes down, says EMJ’s Eric Jackson

Investors should have exposure to growth stocks as inflation comes down, says EMJ's Eric Jackson

Invesco S&P 500 GARP ETF $SPGP Stock Technical Analysis

$SPGP stock is in a technical downtrend. Long-term indicators suggest that a continuation of the trend is likely. However, that would change on a dime if the Federal Reserve at or very near a pivot point in its rate hike cycle.

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