Is Invesco S&P MidCap 400 GARP ETF (GRPM) a Strong ETF Right Now?

Core Insights - The Invesco S&P MidCap 400 GARP ETF (GRPM) is a smart beta ETF launched on December 3, 2010, providing exposure to the Mid Cap Blend category [1] - GRPM aims to match the performance of the S&P MIDCAP 400 GARP INDEX, focusing on companies with consistent growth, reasonable valuation, and strong financial strength [5] Fund Overview - Managed by Invesco, GRPM has accumulated over $453.39 million in assets, positioning it as an average-sized ETF in its category [5] - The ETF has an annual operating expense ratio of 0.35% and a 12-month trailing dividend yield of 0.81% [6] Sector Exposure and Holdings - The largest sector allocation for GRPM is Financials at approximately 27.1%, followed by Consumer Discretionary and Information Technology [7] - Celsius Holdings Inc (CELH) is the top holding at about 3.35% of total assets, with the top 10 holdings comprising around 25.19% of total assets [8] Performance Metrics - As of September 12, 2025, GRPM has gained about 8.5% year-to-date and 11.64% over the past year, with a trading range between $90.38 and $126.41 in the last 52 weeks [10] - The ETF has a beta of 1.11 and a standard deviation of 21.45% over the trailing three-year period, indicating effective diversification with around 60 holdings [10] Alternatives - Other ETFs in the Mid Cap Blend space include Vanguard Mid-Cap ETF (VO) and iShares Core S&P Mid-Cap ETF (IJH), with VO having $88.88 billion and IJH $101.6 billion in assets [12] - VO has a lower expense ratio of 0.04% compared to GRPM, making it a potentially cheaper option for investors [12]